Venezuela, a top oil exporter in deep crisis

Trump tightens Venezuela financial sanctions after'sham vote

Trump tightens Venezuela financial sanctions after'sham vote

Maduro said the factory would now be "producing with the industrial working class".

The Treasury Department in a statement said that Cabello, who is considered the second most-powerful man in Venezuela after President Nicolas Maduro, used his different positions in the government over two decades to "personally profit from extortion, money laundering, and embezzlement".

The latest sanctions came ahead of Sunday's presidential election in Venezuela, in which Maduro is up for reelection.

The Treasury Department said that it was also imposing sanctions on Mr. Cabello's brother, José David Cabello, 49, who runs the government agency in charge of customs and taxation, and Diosdado Cabello's wife, Marleny Josefina Contreras Hernández, 57, the minister of tourism.

Meanwhile, the Treasury also blocked three companies and 14 properties in the United States, which were believed to be owned or controlled by Sarria. Washington's sanctions, he noted, will inevitably hurt common Venezuelans struggling to afford "food and medicines".

Bolivia's President, Evo Morales, denounced in recent days the US and Southern Command plans to attack Venezuela, something that agrees with another carried out by Argentine journalist, Stella Calloni, who announced the existence of a Washington maneuver.

The U.S. Treasury announced on Friday that it has imposed sanctions on an influential Venezuelan political figure, three persons related to him and his alleged "corruption network".

The United States, Canada, the European Union and several countries in Latin America said they will not recognize the results of the polls on the grounds that they are not transparent or fair.

"The Venezuelan people suffer under corrupt politicians who tighten their grip on power while lining their own pockets". But Friday marked the first time that Washington publicly linked Maduro to the drug trade.

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