(Bloomberg) -- President Donald Trump stepped up economic pressure on Venezuela President Nicolas Maduro with an order prohibiting purchases of the country’s debt, including bonds issued by state-run oil company Petroleos de Venezuela, administration officials said.

Venezuelan government bonds and securities issued by PDVSA declined after Maduro won re-election Sunday in a vote that was marred by record abstention and deemed illegitimate in the eyes of the U.S. as well as regional governments and the main opposition parties.

Trump administration officials who spoke on condition of anonymity said the order was intended to restrict the Maduro regime’s ability to liquidate its assets and close off avenues for corruption.

To contact the reporter on this story: Toluse Olorunnipa in Washington at tolorunnipa@bloomberg.net

To contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, Mike Dorning

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