Tuesday, May 24, 2011

US sanctions Venezuela PDVSA and others on Iran trade

By Andrew Quinn

WASHINGTON |
Tue May 24, 2011 11:02am EDT


WASHINGTON (Reuters) - The United States on Tuesday announced new sanctions on Venezuela's state oil company PDVSA and six other smaller oil and shipping companies for engaging in trade with Iran in violation of a U.S. ban.

Deputy Secretary of State James Steinberg said the sanctions on PDVSA would prevent it from access to U.S. government contracts and import/export financing, but

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