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U.S. Slaps Sanctions on Mexican Companies Helping Venezuelan Oil

June 19, 2020, 11:00 AM

The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements with the embattled country.

Libre Abordo and its affiliate Schlager Business Group purchased 32 million barrels of crude oil this year to become the biggest supporter of Venezuela’s struggling oil industry under the regime of President Nicolas Maduro.

Company shareholders 23-year-old Olga Maria Zepeda Esparza and Veronica Esparza Garcia were also added to the list, along with Joaquin Leal Jimenez Garcia, according to a notice from the Treasury Department’s Office of Foreign Asset Control. Jimenez was an ...