The United States has designated a Venezuela-based cartel headed by President Nicolás Maduro as a Foreign Terrorist Organization.
The Department of State said it intends to designate Cartel de los Soles as a Foreign Terrorist Organization effective November 24.
Cartel de los Soles by and with other designated FTOs including Tren de Aragua and the Sinaloa Cartel are responsible for terrorist violence throughout the hemisphere as well as for trafficking drugs into the United States and Europe, according to State Department.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.