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US places new sanctions on Venezuela’s oil giant

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The Trump administration is placing fresh sanctions on Venezuela’s state-owned oil company, Petroleos de Venezuela.

The sanctions, according to Vox, are designed to put pressure on President Nicolas Maduro to resign and transfer power to the U.S.-backed resistance leader, Juan Guaido.

Some worry the sanctions could backfire by angering Maduro and making him cling to power even more.

Read more from Vox.

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