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US to Label Venezuelan 'Sun Drug Trafficking Group' as Foreign Terrorist Organization

The US decision reflects a strategic move to combat transnational crime and exert political pressure.
Key Metrics

10.9

Heat Index
  • Impact Level
    Medium
  • Scope Level
    National
  • Last Update
    2025-11-16
Key Impacts
Positive Impacts (1)
Canadian Oil-Sands Producers
Negative Impacts (7)
PDVSA & Venezuelan Sovereign Bonds
WTI Crude Oil
Brent Crude Oil
U.S. Gulf Coast Refiners
J.P. Morgan Emerging Market Bond Index (EMBI)
Global Shipping & Maritime Insurance
Total impacts: 8 | Positive: 1 | Negative: 7
Event Overview

The US decision reflects a strategic move to combat transnational crime and exert political pressure. By designating the group, led by Maduro, as a foreign terrorist organization, the US aims to disrupt its operations and financial networks, signaling broader geopolitical tensions.

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US to Designate Venezuelan 'Sun Drug Trafficking Group' as Foreign Terrorist Organization
2025-11-17 07:31

The U.S. State Department plans to designate Venezuela's 'Sun Drug Trafficking Group' as a foreign terrorist organization on November 24, and to recognize the country's president, Maduro, as the leader of this group. This action will prohibit members of the group from entering the United States and allow the U.S. government to seize its funds. Secretary of State Rubio stated that the group, led by Maduro, has corrupted several key institutions in Venezuela, and that Maduro does not represent the legitimate government of Venezuela.

Total records: 1
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