Venezuela Will Increase 'Anti-Imperialist Defense' Against Threats from the US: Maduro

Geneva Matthews
August 26, 2017

The White House announced Friday that President Trump has signed an executive order imposing new sanctions on Venezuela.

"These measures are carefully calibrated to deny the dictatorship of Maduro a critical source of funding to maintain its illegitimate government and thus protect the United States financial system from complicity in the corruption of Venezuela and the impoverishment of the Venezuelan people", she said.

In an interview with RT in July, Maduro said the U.S. was trying to disrupt Venezuela's economy through an "indirect blockade", targeting the country's financial system, adding that the USA attempted to do the same thing in 2015 and 2016, with no success.

The protests have since waned as a constitutional assembly wholly made up of government loyalists has been installed and proceeded to go after Maduro's political opponents.

"We have troops all over the world". The objective of these general licenses is to limit harm passed on to the Venezuelan and American people, the White House said.

"These include provisions allowing for a 30-day wind-down period; financing for most commercial trade, including the export and import of petroleum; transactions only involving Citgo; dealings in select existing Venezuelan debts; and the financing for humanitarian goods to Venezuela", the White House stated.

The country's vice president Tareck El Aissami was sanctioned by the Trump administration in February after being accused of running a drug trafficking network of corrupt officials in Venezuela. White House press secretary Sarah Huckabee Sanders, when asked a few minutes later to elaborate, said, "We leave all options on the table and we're not taking any of those things off".

The new economic sanctions are likely to worsen a crisis that has already seen the oil-dependent economy shrink by around 35% since 2014 - more than the U.S. economy did during the Great Depression. "We must have the capacity to respond with firmness and the fierceness to fight, weapons in hand, if we have to defend the sacred land of Venezuela".

"The economic measures the United States government is preparing will worsen Venezuela's economic situation", he told foreign journalists on Tuesday, vowing to protect the population from the worst effects of any sanctions.

One move that has been under consideration by the USA would block trades of Venezuelan-held dollar-denominated notes sold by the government and Petroleos de Venezuela SA, the state-run oil company, according to a third person familiar with the discussions, who also spoke on condition of anonymity.

The sanctions come after months of unrest in the South American country which has left more than 130 people dead.

Trump has even raised the specter of military action, something Maduro has sought to use to unify the armed forces.

But Vice President Mike Pence, during a visit to Colombia last week, tried to walk back the idea without flatly contradicting the President.

Other reports by VideoGamingPros

Discuss This Article

FOLLOW OUR NEWSPAPER