The US is hitting Venezuela with more sanctions to stop 'smash-and-grab' behavior

REUTERS/Carlos Garcia Rawlins

• The US unveiled more sanctions on Venezuela on Monday.
• The new measures are meant to further restrict Venezuelan officials' ability to sell state assets.
• The move comes hours after an election many regard as fraudulent.

The Trump administration on Monday issued new sanctions on the Venezuelan government, intended to prevent the sale of debt and other assets.

The new executive order "restricts the regime's ability to liquidate state assets at fire-sale prices at the expense of the Venezuelan people," a senior administration official said, adding that the US would "not stand idly by while Venezuela's assets are dissipated by this corrupt regime and sold off for pennies on the dollar."See the rest of the story at Business Insider

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