Venezuela's Guaido announces new board for US-based oil subsidiary

Venezuela's Guaido announces new board for US-based oil subsidiaryVenezuela’s opposition leader Juan Guaido took another step Wednesday in an international bid to economically starve President Nicolas Maduro’s regime, announcing the appointment of a new board for Citgo, the US-based arm of state oil firm PDVSA. Guaido — who has been recognized as acting president by more than 50 countries and also heads the opposition-controlled National Assembly legislature, which appointed the new board — is locked in a battle with Maduro for control of the crisis-hit country. The United States, which is leading the push to topple Maduro, has sanctioned key regime financial assets including Citgo, and on Wednesday President Donald Trump once more refused to rule out military action against the leftist leader.



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