Trump Uses 'Strong, New Sanctions' to Exert Pressure on Venezuela

Trump Uses 'Strong, New Sanctions' to Exert Pressure on Venezuela

"The President's new action prohibits dealings in new debt and equity issued by the government of Venezuela and its state oil company", a statement from the White House reads.

White House national security adviser H.R. McMaster said at the same news conference that United States had no plans to take military action in Venezuela, but that President Donald Trump meant to take advantage of "a broad range of. integrated options" in the future. The Trump administration explained that these provisions will "mitigate harm" to Venezuelans and keep the USA financial system from being complicit in Maduro's corruption and impoverishment of his nation's citizens.

"The Maduro dictatorship continues to deprive the Venezuelan people of food and medicine, imprison the democratically elected opposition, and violently suppress freedom of speech".

President Trump has had enough of the Maduro dictatorship in Venezuela.

"We will not stand by as Venezuela crumbles", the White House said in a statement.

The White House said it would allow certain exceptions, such as for humanitarian aid, in order "to mitigate harm to the American and Venezuelan people".

"'This will also have a serious impact on the country's oil operations because these instruments were being used to finance purchases being made by Petróleos de Venezuela".

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U.S. Representative Eliot Engel of NY, the top Democrat on the House Committee on Foreign Affairs, said in a statement that Trump must ensure U.S. sanctions "have the appropriate impact and adjust them as necessary".

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

The action bars US citizens and banks from buying new bonds from the Venezuelan government or its state oil company Petroleos de Venezuela, or PDVSA.

Venezuela held the elections following months of street protests and clashes in which more than 100 people have died.

Prohibiting Americans from extending new debt with a maturation period of longer than 30 days for the rest of the Venezuelan government.

Venezuela, he said, has never had militaristic or interventionist intentions unlike the "imperialist powers" that "use a world map in their meetings to plan the use of force against nations posessing vital resources".

McMaster said Friday that Vice President Mike Pence's trip through South America was successful.

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