US sanctions Italy, Panama and Colombia firms over Venezuela ties

The United States on Tuesday imposed sanctions on 16 companies linked to Colombian businessman Alex Nain Saab Moran, an associate of Venezuelan President Nicolas Maduro. The move is the latest US escalation of sanctions targeting the inner circle of Maduro, who is grappling with a political and economic crisis that the United Nations says has left a quarter of Venezuela's 30 million people in need of humanitarian aid.

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