US Treasury to sanction Venezuelan state-owned oil firm PDVSA
Venezuela's President Nicolas Maduro attends an event with workers in Caracas, Venezuela October 11, 2018. Miraflores Palace/Handout via REUTERS

The United States has imposed sanctions on Venezuelan state-owned oil firm PDVSA, White House national security adviser John Bolton said on Monday.

“We have continued to expose the corruption of (Venezuelan President Nicolas) Maduro and his cronies and today’s action ensures they can no longer loot the assets of the Venezuelan people,” Bolton told reporters at a briefing on Monday.

Reporting by Steve Holland; Writing by Eric Beech; Editing by Peter Cooney