The Trump administration is preparing further sanctions against Venezuela’s oil industry, as talks in Washington also consider whether or not to allow Chevron to continue its operations in the South American country.

U.S. President Trump told a press conference in New Delhi, India, Tuesday “you will be seeing something on that (sanctions in Venezuela) in the not-too-distant future,” Kallanish Energy reports.

“There could be very serious sanctions,” Trump said, without disclosing details. “You are going to see in a little while. You are asking a question right in the middle of us doing something.”

U.S. Special Representative for Venezuela Elliott Abrams said earlier this week new sanctions against Venezuela would be more aggressive. He said the administration was discussing whether to renew a license for Chevron to operate in the country, or revoke it. The current license is valid until April 22.

“There are conversations taking place and at the appropriate moment, OFAC (Office of Foreign Assets Control) will say whatever it needs to say,” Trump said.

The Department of Treasury has recently sanctioned a trading unit of Rosneft, under the belief it was key to the trade of Venezuelan oil. The Russian firm has rejected the U.S.’s “unlawful” sanctions and called it hypocritical, as the U.S. allows “their” companies to work in Venezuela but won’t allow international investors.

Last year, Rosneft said Abrams’ accusation of it being “central for survival of the (Venezuelan President Nicolas Maduro) regime” lacked consistency since U.S. authorities were re-issuing licenses for American companies to operate in Venezuela.

Washington is said to be divided for and against the license for Chevron. Those in favor, including Secretary of State Pompeo, believe it will be important for Chevron to remain in the country once Maduro is ousted. The ones against argue Chevron’s operations are helping the regime and preventing Juan Guaido from taking control of the government.