Diamond News Archives

Washington is preparing sanctions to impede Venezuela’s gold exports and clamp down on what U.S. officials say is an effort by President Nicolás Maduro to loot the embattled nation’s riches and offset a U.S. campaign to squeeze the authoritarian government’s finances, according to people familiar with the matter.

The punitive actions, which these people said could come as early as this week, would follow a flurry of comments by top Trump administration officials raising concerns over the Maduro government’s gold operations....