US hits Venezuela state-owned oil company with sanctions
Washington, Jan 29: The Trump administration imposed sanctions Monday on the state-owned oil company of Venezuela, a potentially critical economic move aimed at increasing pressure on President Nicolas Maduro to cede power to the opposition.
National security adviser John Bolton and Treasury Secretary Steven Mnuchin announced the measures against the company.
They are also aimed at boosting Maduro's rival, opposition leader Juan Guaido, whom the administration recognized last week as Venezuela's legitimate leader.
The sanctions will include a freeze on any assets the firm may have in US jurisdictions and bar Americans from doing business with it.
"The United States is holding accountable those responsible for Venezuela's tragic decline, and will continue to use the full suite of its diplomatic and economic tools to support Interim President Juan Guaido, the National Assembly, and the Venezuelan people's efforts to restore their democracy," Mnuchin said.
"Today's designation of PDVSA will help prevent further diverting of Venezuela's assets by Maduro and preserve these assets for the people of Venezuela. The path to sanctions relief for PDVSA is through the expeditious transfer of control to the Interim President or a subsequent, democratically elected government," he said.
PDSVA is the acronym for the state-owned oil company.
Senator Marco Rubio, a vocal critic of Maduro who has called for such sanctions, welcomed the move even before it was announced.
"The Maduro crime family has used PDVSA to buy and keep the support of many military leaders," Rubio said.
"The oil belongs to the Venezuelan people, and therefore the money PDVSA earns from its export will now be returned to the people through their legitimate constitutional government."
The sanctions will not likely affect consumer prices at the gas pump but will hit oil refiners, particularly those on the US Gulf Coast.
Venezuelan oil exports to the US have declined steadily over the years, falling particularly sharply over the past decade as its production plummeted amid its long economic and political crisis.
The US imported less than 500,000 barrels a day of Venezuelan crude and petroleum products in 2017, down from more than 1.2 million barrels a day in 2008, according to the Energy Information Administration.
Still, Venezuela has consistently been the third- or fourth-largest supplier of crude oil to the United States, and any disruption of imports could be costly for refiners.
In 2017, the most recent year that data were available, Venezuela accounted for about 6 per cent of US crude imports.
Valero and Citgo are among the largest importers of Venezuelan crude.
But Venezuela is very reliant on the US for its oil revenue. The country sends 41 per cent of its oil exports to the US.
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Three arrested for gangrape, blackmail of college student in Bengaluru
Ramanagara (Karnataka) (PTI): Three men have been arrested for allegedly gangraping a 19-year-old college student and blackmailing her using a video of the assault, police said on Thursday.
The incident occurred in October at the house of one of the accused in Magadi taluk of Bengaluru South district, they added.
Of the three accused, two are college students, while the third is an electrician by profession, police said.
According to police, the woman came into contact with the prime accused, also a college student, around six to seven months ago.
He befriended her, gained her confidence, and later entered into a relationship with her after promising marriage.
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On the pretext of the relationship, he allegedly established a physical relationship with her and secretly recorded the act on his mobile phone without her knowledge.
He later showed the video to his friends, who are co-accused in the case, a senior police officer said.
In October, the prime accused allegedly threatened and blackmailed the woman using the video clip of their intimate moments and forced her to comply with his demands.
He then allegedly sexually assaulted her along with the other two accused. The assault was also recorded, police said.
The video was later circulated on WhatsApp by one of the accused, they added.
Unable to bear the harassment, the victim informed her parents and approached the police.
Based on her complaint, a case was registered on December 17 at the Magadi police station under Sections 64 (rape), 70 (gangrape) and 71 (punishment for repeat offenders) of the Bharatiya Nyaya Sanhita, police said.
Bengaluru South District Superintendent of Police Srinivas Gowda said all three accused were arrested.
"Two of them are students, and one is employed. All three were known to the victim and had been acquainted with her for more than a couple of months," he said.
