McCaul Statement on Sanctions Against Venezuela State-Owned Oil Company, PDVSAPress Release
Washington D.C. – Today, House Foreign Affairs Committee lead Republican Michael McCaul (R-TX) released the following statement in response to the Administration’s announcement to roll out new U.S. sanctions against Venezuelan President Nicolas Maduro’s state-owned oil company, PDVSA.
“After years of mismanagement and plummeting production, the illegitimate Maduro regime can no longer be allowed to siphon off the proceeds of Petroleos de Venezuela at the expense of its citizens. Maduro’s socialist policies and systemic corruption have created a humanitarian crisis in which millions of people are suffering greatly. The United States and our allies must continue to use all tools necessary, including economic and diplomatic, until democracy is restored in Venezuela.
“I continue to stand with interim President Guaidó and the brave people of Venezuela. The Venezuelan military should stand with the people and help facilitate a peaceful transition of power. It’s time for the socialist nightmare of Nicolas Maduro to come to an end.”