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US sanctions Venezuelan President Maduro’s 3 nephews as pressure campaign ratchets up

Financial Post
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US sanctions Venezuelan President Maduro’s 3 nephews as pressure campaign ratchets up

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President Nicolas Maduro addresses supporters during a rally marking the anniversary of the Battle of Santa Ines, which took place during Venezuela's 19th-century Federal War, in Caracas, Venezuela, Wednesday, Dec. 10, 2025. Photo by Ariana Cubillos /APArticle contentWASHINGTON (AP) — The U.S. imposed sanctions on three nephews of Venezuelan President Nicolas Maduro, among others, on Thursday as President Donald Trump looks to inflict further pressure on the South American nation.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentThe new sanctions on Franqui Flores, Carlos Flores and Efrain Campo come a day after Trump announced that the U.S. had seized an oil tanker off the coast of Venezuela. Also included in the sanctions are six firms accused of transporting Venezuelan oil.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentA Treasury official confirmed the sanctions on condition of anonymity ahead of the official announcement later Thursday.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentThe sanctions are meant to deny them access to any property or financial assets held in the U.S., and the penalties are intended to prevent U.S. companies and citizens from doing business with them. Banks and financial institutions that violate that restriction expose themselves to sanctions or enforcement actions.Article contentThis is not the first time Maduro’s family has been involved in a political tit-for-tat.Article contentIn October 2022, Venezuela freed seven imprisoned Americans in exchange for the United States releasing Flores and Campo, who had been jailed for years on narcotics convictions.Article contentThe U.S.’s latest actions against Venezuela follow a series of deadly strikes the U.S. has conducted on alleged drug-smuggling boats in the Caribbean Sea and eastern Pacific Ocean, which have killed at least 87 people since early September.Article contentTrump has justified the attacks as a necessary escalation to stem the flow of drugs into the United States and asserted the U.S. is engaged in an “armed conflict” with drug cartels.Article contentTrending CRA penalized taxpayer for repeated failure to report income Personal Finance This generation of Canadians is rapidly increasing its wealth and may soon unseat the boomers Wealth Who is Mark Wiseman? The career of the man expected to be Canada’s new U.S. ambassador Finance David Rosenberg: 10 reasons why we're now bullish on the Canadian dollar for the first time in many years News U.S. trade deficit unexpectedly shrinks to smallest since 2020 Economy Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. CRA penalized taxpayer for repeated failure to report income Personal Finance This generation of Canadians is rapidly increasing its wealth and may soon unseat the boomers Wealth Who is Mark Wiseman? The career of the man expected to be Canada’s new U.S. ambassador Finance David Rosenberg: 10 reasons why we're now bullish on the Canadian dollar for the first time in many years News U.S. trade deficit unexpectedly shrinks to smallest since 2020 Economy

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