President Donald Trump said this week that the United States is preparing to impose further sanctions on the Venezuelan oil industry—one of the chief sources of income for President Nicolás Maduro’s authoritarian regime as it continues to cling to power.
The news came less than a week after the Trump administration announced sanctions against Geneva-based but Russian-controlled oil brokerage Rosneft Trading S.A., which U.S. officials say has been helping the Venezuelan regime to skirt the American oil embargo by acting as an intermediary to supply Venezuelan oil to third parties in Asia.
