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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Indian mobile hospital treats over 2,200 cyclone-hit people as New Delhi ramps up relief efforts in
Colombo (PTI): A mobile hospital set up by India in Sri Lanka has provided medical care to over 2,200 people affected by Cyclone Ditwah, as New Delhi ramped up its assistance to the flood-ravaged island nation with engineering support and delivery of fresh relief consignments, the Indian mission here said on Sunday.
Sri Lanka has been grappling with widespread flooding, landslides and severe infrastructure collapse triggered by the cyclone, leaving several districts isolated and severely straining the country's disaster-response capacity.
At least 627 people have been killed and 190 remain missing as of Sunday noon due to catastrophic floods and landslides caused by extreme weather conditions since November 16.
Sharing a social media post by the Ministry of External Affairs on its X handle, the Indian High Commission said a field hospital set up by India in Mahiyanganaya near Kandy has provided medical care to more than 2,200 people affected by the cyclone since December 5.
The hospital has also performed 67 minor procedures and three surgeries, it said. The field hospital was airlifted to Sri Lanka by an IAF C-17 aircraft along with a 78-member Indian medical team on Tuesday.
In another post, the mission said Indian Army engineers, working with Sri Lanka Army Engineers and the Road Development Authority, in Kilinochchi have begun removing a damaged bridge on the Paranthan–Karachchi–Mullaitivu (A35) road, a key route disrupted by the cyclone.
"This joint effort marks another step toward restoring vital connectivity for affected communities," it said.
India has additionally sent nearly 1,000 tonnes of food items and clothing contributed by the people of Tamil Nadu. Of these, about 300 tonnes reached Colombo on Sunday morning aboard three Indian Naval ships.
High Commissioner Santosh Jha handed over the supplies to Sri Lankan Minister for Trade, Commerce, Food Security and Cooperative Development Wasantha Samarasinghe.
India, on November 28, launched 'Operation Sagar Bandhu', a Humanitarian Assistance and Disaster Relief (HADR) initiative, to aid Sri Lanka in its recovery from the devastation caused by Cyclone Ditwah.
Since the launch of the operation, India has provided about 58 tonnes of relief material, including dry rations, tents, tarpaulins, hygiene kits, essential cloths, water purification kits and about 4.5 tonnes of medicines and surgical equipment, the Indian mission said in a press release on Sunday.
Another 60 tonnes of equipment, including generators, inflatable rescue boats, Outboard Motors, and excavators, have also been brought to Sri Lanka, it said, adding that 185 tonnes of Bailey Bridge units were airlifted to restore critical connectivity along with 44 engineers.
Two columns of the National Disaster Response Force, comprising 80 experts and K9 units with specially trained dogs, assisted with immediate rescue and relief efforts in Sri Lanka.
Besides the field hospital in Mahiyanganaya, medical centres have also been set up in the badly hit Ja-Ela region and in Negombo. INS Vikrant, INS Udaygiri, and INS Sukanya provided immediate rescue and relief assistance to Sri Lanka.
Apart from the two Chetak helicopters deployed from INS Vikrant, two heavy-lift, MI-17 helicopters of the Indian Air Force are actively involved in evacuations and airlifting relief material, the release said.
At the request of the Sri Lankan Disaster Management Centre, a virtual meeting was organised between DMC and the Indian Space Research Organisation (ISRO)'s National Remote Sensing Centre on Saturday.
Since the onset of the disaster, ISRO has been providing maps to assist DMC in its rescue efforts, the release said.
