US President Donald Trump says he will revoke a license which allowed Venezuela to export some of its oil to the US despite sanctions.
The move is a major blow to the Venezuelan government as the license provided it, through joint ventures between the state-run oil company and US oil giant Chevron, with a crucial income in dollars.
Trump said he was revoking the licence – which gave Chevron permission to operate in Venezuela – because the government of Nicolás Maduro had failed to meet “electoral conditions” and had not transported “violent criminals” deported from the US at a quick enough pace.
