United States imposes tough economic sanctions on Venezuela

United States imposes tough economic sanctions on Venezuela

The White House said the latest sanctions are "carefully calibrated to deny the Maduro dictatorship a critical source of financing to maintain its illegitimate rule".

He said his government would fight the measures with all of its diplomatic and economic strength, but also blamed members of the opposition - some of whom expressed satisfaction with the US action - for conspiring to bring further hardships on the Venezuelan economy.

Concerning the intensification of the protests in Venezuela, she said that "negative forces", supported by some foreign countries, act in a rash way, to provoke an external invasion and, thus, to remove the legitimately constituted government and its leader, Nicolás Maduro.

"We have troops all over the world". He went on to say that, "Venezuela is not very far away and the people are suffering and they're dying".

The sanctions would bar dealings in new bonds and stocks issued by the government and state oil company.

Today's press statement also accuses his "dictatorship of rewarding and enriching "corrupt officials in the government's security apparatus by burdening future generations of Venezuelans with massively expensive debts".

"No military actions are anticipated in the near future", McMaster responded when asked about the possibility of intervention in Venezuela by US forces. It's time to answer his cruel leadership with some economic sanctions, Trump declared Friday via an executive order.

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E (UK) and holds degrees equivalent in electrical engineering, metallurgical engineering from the Institute of Engineers of India. He holds the Guinness Record for successfully running the "Fairy Queen Express", the world's oldest working steam locomotive.

"This operation is limiting the government's ability to operate using USA dollars", Antonio De La Cruz, Executive Director of Inter American consultants firm told El Nuevo Herald.

Treasury Secretary Steven Mnuchin said at the news conference that the order was meant to restrict the Venezuelan government's access to capital.

Trump's executive order for Venezuela includes a wind-down period of 30 years and financing for the majority of commercial trade, which includes petroleum imports and exports. In January, Maduro removed him from the minister's office, replacing him with Nelson Martinez, who until that headed Citgo, the USA business of PDVSA.

The White House has yet to comment on the report, but Vice President Mike Pence was due to speak with Venezuelan exiles in Miami later on Wednesday.

The ex-mayor and other right-wing politicians urged Pence to push for greater sanctions on Venezuela, according to AP.

Reflecting a strong lobby effort by the US oil industry, Friday's action stopped short of cutting off USA imports of Venezuelan oil that are crucial both to Venezuela's economy and to USA refiners.

Venezuela will "take all measures at its disposal", said Arreaza. Russia, however, said the vote was laying the basis for a peaceful resolution of the issues plaguing the country.

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