Gold Fever? US Treasury Sanctions Venezuela Gold Mining Company | WHAT REALLY HAPPENED

Gold Fever? US Treasury Sanctions Venezuela Gold Mining Company

The U.S. Department of the Treasury imposed sanctions on Tuesday against Venezuela’s state-run gold mining company Minerven, which is part of the Venezuelan Guayana Corporation (CVG) holding.

As part of the ongoing sanctions and attempts to destabilize the Venezuelan government, the U.S. government announced the new measure that aims to block state mining assets and prohibit U.S citizens from dealing with the company. The decision comes after Uganda said it was investigating its biggest gold refinery for importing Venezuelan gold.

The state-run ferrous metals mining company, and its president, Adrian Antonio Perdomo Mata, were included in the list of the Office of Foreign Assets Control (OFAC) and Specially Designated Nationals And Blocked Persons (SDN), adding to more than half a dozen rounds of sanctions against the Venezuelan people and assets.

“We have a fierce battle against international sanctions that have caused Venezuela to lose at least 20 billion dollars in 2018,” said President Nicolas Maduro back in January 2019 as sanctions intensified.

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