Friday, 06 December, 2019

U.S. imposes new sanctions on Venezuela

U.S. imposes new sanctions on Venezuela U.S. imposes new sanctions on Venezuela
Christy Curtis | 28 August, 2017, 00:34

US President Donald Trump recently said he would not rule out a "military option" in Venezuela to oust President Nicolas Maduro from power.

"Havana condemns these new "unilateral and arbitrary" measures against Venezuela", deputy Foreign Minister Abelardo Moreno was quoted as saying by Xinhua news agency.

Venezuela has been embroiled in a political and economic crisis for months that has left over 100 people dead and triggered political changes that critics call anti-democratic power-grabs by President Maduro.

Maduro in a short video shot from a meeting with top aides at the presidential palace said he would announce measures to combat the "blockade" in a televised appearance later Friday. Sanctions have also targeted up to 30 members of the Venezuelan government, and in the latest efforts, the sanctions are targeting issues with the Latin American nation's access to new debts and equity.

But tension surged again when the White House on Friday unveiled its first-ever sanctions to target Venezuela as a whole, rather than just Maduro and his inner circle.

The commission wields unusual authority to subpoena and prosecute anyone officials suspect of wrongdoing.

"Maduro may no longer take advantage of the American financial system to facilitate the wholesale looting of the Venezuelan economy at the expense of the Venezuelan people", Treasury Secretary Steven Mnuchin said at the White House.

See more here and here.

Cameron Meredith carted off with knee injury in first quarter
Meredith had his left leg buckle in an unnatural position while being tackled on a reception in the first quarter. Meredith emerged as the Bears' top receiver, posting 66 catches for 888 yards and four touchdowns in 2016.

But the sanctions don't apply to short-term financing for oil sales.

Police and troops paraded through central Caracas with what the government said was an anti-aircraft missile.

Trump warned on August 11 the USA was mulling a range of options to solve Venezuela's political crisis, "including a possible military option if necessary". The event, attended by military officials from China, Belarus and Russian Federation, was a prelude to military exercises Maduro called for this weekend as a deterrent to any USA military intervention.

The call, made by trade unions, student movements, environmentalists, community movements and political parties, was made to demand the United States stop the interference, pressures, and threats of military intervention against Venezuela.

Venezuela was gripped by months of anti-government protests over growing anger against Maduro.

The #trump administration moved to place more sanctions on #Venezuela on Friday. While this happens, Venezuelans continue to lack food and medicines and they continue to face a rampant insecurity. "What do they want - they want to starve the Venezuelan people?" Venezuela's president said they will find new markets for the oil.

Venezuela has taken desperate steps to remain current on its debt throughout the economic crisis, and the president has blamed his enemies for spreading rumors about any impending default.

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