http://english.eluniversal.com/2011/05/24/united-states-sanctions-venezuelas-pdvsa-on-iran-trade.shtmlUnited States announced on Tuesday the imposition of new sanctions on "seven foreign companies," including state-run oil holding Petróleos de Venezuela (Pdvsa) as retaliation for a controversial Iran's nuclear program.
"I am here to announce that Secretary of State (Hillary) Clinton has decided to impose sanctions on seven foreign entities under the Iran and Libya Sanctions Act of 1996," Deputy Secretary of State James Steinberg told journalists, AFP quoted.
Sanctions include Pdvsa.
Steinberg explained that sanctions will prevent Pdvsa's access to contracts with the US government as well as funding to import and export, Reuters reported.
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