U.S. sanctions Venezuelan officials to pressure Maduro

Jul 28, 2017, 00:11
U.S. sanctions Venezuelan officials to pressure Maduro

The vote will create a new Constituent Assembly tasked with rewriting the country's constitution.

The latest casualties bring to 106 the number of people killed in four months of violent protests against the government of President Nicolas Maduro, the AFP news agency said. The National Constituent Assembly would merely make it official. Overall, fewer people appeared to be heeding the shutdown than the millions who participated in a 24-hour strike last week. The right-wing MUD coalition has maintained its belligerent position, calling for a week of actions in hopes of disrupting the elections, which have by and large failed to gain any significant support.

Maduro's opponents at home and overseas are attempting to pressure him into halting his plans to rewrite Venezuela's constitution with an election for a Constituent Assembly on July 30.

Anti-government protests have become an nearly daily occurrence since the loyalist Supreme Court unsuccessfully tried to strip the country's opposition-led legislature, the National Assembly, of its power in late March.

Among the Venezuelan individuals targeted with the sanctions were army and police chiefs, the national director of elections, and a vice president for the state oil company PDVSA.

Members of the Bolivarian National Guard (GNB) shield themselves from a fire amid clashes with demonstrators during a protest, as part of a general strike convened by the opposition, in Caracas, Venezuela, 26 July 2017.

Tightening sanctions on Venezuela could result in blowback on the US economy by way of higher oil and gasoline prices, sector analysts said.

The Venezuelan prosecutor's office said on Thursday that a 23-year-old man was killed in western Merida state and a 16-year-old boy died in the poor Caracas neighbourhood of Petare during clashes on Wednesday.

The most serious of the potential future steps would be financial sanctions that would halt dollar payments for the country's oil, starving the government of hard currency, or a total ban on oil imports to the United States, Venezuela's biggest customer.

Thirteen countries in the 35-member Organization of American States (OAS), a regional political bloc - including the US, Canada, Brazil, Mexico, and Argentina - urged Maduro to suspend Sunday's election because it amounted to a "dismantling of democratic institutionality".

In Barinas, home state of former Venezuelan leader Hugo Chavez, only about a third of businesses were closed according to a Reuters witness, as opposed to the opposition's formal estimate of 92 percent participation nationally.

Maduro accuses the USA of fomenting the unrest against him and his government, with the help of the conservative opposition.

"All of us present here in this room, we have been witness to how the secretary general has been called and instructed regarding the interventionist plan in Venezuela".

The oil export-dependent economy will shrink 12 per cent this year, the International Monetary Fund predicts. The meeting at the house of Leopoldo Lopez, a prominent opposition leader recently granted house arrest after three years in jail, sparked rumors of a possible behind the scenes negotiation of Venezuela's crisis.

That has prompted thousands of Venezuelans to flee to neighboring Colombia this week. They warn the new constitution will formalize a Maduro dictatorship and undermine democracy.

YOU MIGHT ALSO LIKE
  • Here comes the top secret Obamacare replacement bill

    Here comes the top secret Obamacare replacement bill

    And once he became the presumptive Republican nominee, Trump , expressed no regret. John McCain , R-Ariz., is expected to return to the Senate today.
    Frontier announces new SDF flight to Denver, others from CVG

    Frontier announces new SDF flight to Denver, others from CVG

    The Austin route will also launch October 12 with flights offered three times a week, Tuesdays, Thursdays and Sundays. Frontier offers options a la carte or in one low-cost bundled called The WORKS .
    DIG transferred days after she alleged VIP treatment for Sasikala in jail

    DIG transferred days after she alleged VIP treatment for Sasikala in jail

    Meanwhile DIG Roopa, while talking to leading channel said that she has not received any transfer order as yet. He has also been transferred, but without charge, as he is set to retire at the end of the month.
  • Tesco PLC 37.8% Potential Upside Indicated by Deutsche Bank

    Tesco PLC 37.8% Potential Upside Indicated by Deutsche Bank

    The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. The shares were acquired at an average price of GBX 26 ($0.34) per share, with a total value of £1,468.48 ($1,913.08).

    Ancelotti - Muller still in Bayern plans

    Renato Sanches was excellent for Benfica and earned a big money move to Bayern Munich before starring for Portugal at Euro 2016. He is not moving. "He played well against Chelsea and I hope he can continue to improve", Ancelotti said.

    Netanyahu pressured over holy site after eight killed

    On Saturday, the Israeli government began dismantling the metal detectors. Israeli security forces said they had arrested 25 men active in Hamas .
  • Weekly Review: Sensex, Nifty hit new peak during the week

    Weekly Review: Sensex, Nifty hit new peak during the week

    Finally, by the close of the week, the key indices were within touching distance of their record highs registered on Monday. The Sensex touched a high of 32,062.23 points and a low of 31,808.93 points during intra-day trade.

    British Open: Branden Grace shoots 62 to break 44-year-old record

    He played, as he was not shy of acknowledging, "flawless golf", missing a mere two fairways and two greens all day. So, I definitely lost a couple of shots there on the last couple of holes.
    Ivan Perisic To Play On Inter Tour As Manchester United Bid Stalls

    Ivan Perisic To Play On Inter Tour As Manchester United Bid Stalls

    Martial appears to be staying put at United, but negotiations for Perisic continue to frustrate the Premier League club. Beşiktaş are monitoring Martial and are ready to "swoop" if he is given the green light to leave United this summer.
  • Seyfeddin Roustamov.

    The annual revenue of Metafrax Group exceeded USD 660 million and the annual volume of investments amounted to USD 80 million. CHEMICAL ASSETS In 2014 Seyfeddin Roustamov became the major shareholder of the chemical company Metafrax (Perm region).
    Season of Big Bash was expanded

    Season of Big Bash was expanded

    Female Rebel BBL starts their season from the 9th f December, which is 10 days earlier from the male season of KFC BBL games. Fans of cricket across the world can see the online stream at the official Australian cricket website, and throw its app.
    Anne Hathaway in talks for Barbie movie

    Anne Hathaway in talks for Barbie movie

    The film is expected to be rated PG, and in the mould of a broad family comedy along the lines of Splash, Enchanted and Big . Hathaway can do comedy very well and she's not afraid to take the piss out of herself either, so yeah, this could work.
popular