US adds Venezuelan state mining company to sanctions list

March 19, 2019

Venezuelan state-owned mining company Minerven and its president Adrian Antonio Perdomo Mata have been added to the United States’ growing list of sanctions imposed on Venezuela.

The Associated Press reported that the U.S. is seeking to increase pressure on Venezuela President Nicolas Maduro.

The Treasury Department says the gold mining company known as Minerven and Perdomo Mata are helping to prop up Maduro while encroaching on the land of indigenous people and contributing to deforestation and other environmental problems in Venezuela.

The sanctions bar any U.S. citizen or entity from any financial transactions with the company or its president.

The U.S. and more than 50 other governments see Maduro's re-election last year as illegitimate and are pressing him to step down and hand over power to the opposition head of the National Assembly.

Maduro has denounced his opponents as killers and criminals.

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