The Trump administration is stepping up pressure on Florida oil tycoon and Republican donor Harry Sargent III to withdraw his capital from Venezuela. The US Treasury Department on Friday froze the assets of an offshore company owned by Sargent, which is involved in the Venezuelan oil extraction business. The source said that at the same time, the Ministry of Finance issued a license document allowing him to dispose of the rights associated with leaving the company. The US Treasury's Office of Foreign Assets Control has imposed penalties on Sargent's Blue Wave Real Estate Co., Ltd., which is currently operating under sanctions.
Zhitongcaijing · 1d ago
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The Trump administration is stepping up pressure on Florida oil tycoon and Republican donor Harry Sargent III to withdraw his capital from Venezuela. The US Treasury Department on Friday froze the assets of an offshore company owned by Sargent, which is involved in the Venezuelan oil extraction business. The source said that at the same time, the Ministry of Finance issued a license document allowing him to dispose of the rights associated with leaving the company. The US Treasury's Office of Foreign Assets Control has imposed penalties on Sargent's Blue Wave Real Estate Co., Ltd., which is currently operating under sanctions.
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