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US Targets Three People, 16 Groups in New Venezuela Sanctions


FILE - The U.S. Treasury Department building is seen in Washington, June 8, 2017.
FILE - The U.S. Treasury Department building is seen in Washington, June 8, 2017.

The United States imposed sanctions on Tuesday on three people and 16 groups it says helped Venezuelan President Nicolas Maduro and his government profit from food aid in the economically struggling country, the Treasury Department said.

The individuals are Amir Luis Saab, Luis Alberto Saab and David Nicolas Rubio, according to a Treasury statement.

In July, the Treasury Department said Colombian national Alex Nain Saab orchestrated a vast corruption network for food imports and distribution in Venezuela and profited from overvalued contracts, including the food subsidy program.

"This action increases pressure on Alex Saab and his network, which have profited off the hunger of the Venezuelan people and facilitate systemic corruption in Venezuela," said Treasury Secretary Steven Mnuchin in the statement. "Treasury will continue to target those who corruptly profit at the expense of the Venezuelan people."

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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