In September, the United States has issued a set of sanctions against Venezuela adding President Nicolas Maduro's spouse and key cabinet officials to the list of sanctioned individuals, Sputnik reports.
Trump's administration has introduced "tough" new sanctions targeting Venezuela on Thursday stressing that Caracas formed a "troika of tyranny" with Cuba and Nicaragua being the other two states, AFP reported.
The United States has long been opposing policies of Venezuelan President Nicolas Maduro and has introduced numerous sanctions against Caracas to counter them.
Venezuela has been struggling with political and economic fallout including a shortage of goods, galloping inflation and a fall in government revenues caused by a decline in oil prices and US sanctions after the United States blocked its investors from buying Venezuelan debt. It also prohibited dealing in Venezuelan digital currencies.