En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Trump readies Venezuela sanctions, Maduro defies U.S. threat


WASHINGTON/CARACAS
Petroleumworld 07 20
2017

The Trump administration is preparing sanctions against several senior Venezuelan government figures, U.S. officials said on Tuesday, to pressure President Nicolas Maduro to abort plans for a controversial congress foes say would cement dictatorship.

The punitive measures could come against Defense Minister Vladimir Padrino Lopez and Socialist Party No. 2 Diosdado Cabello for alleged rights violations, the U.S. officials told Reuters, speaking on condition of anonymity.

Their comments followed President Donald Trump's vow on Monday to take "strong and swift economic actions" if Maduro went ahead with the new body that would have power to rewrite Venezuela's constitution and supersede all institutions.

"All options are on the table," including possible measures against Venezuela's vital oil sector such as banning its crude imports to the United States, a senior Trump administration official told reporters on a conference call.

Washington is seeking to head off the July 30 vote for a Constituent Assembly that it sees as Maduro's effort to create a "full dictatorship," the administration official said.

The heightened U.S. rhetoric against Venezuela's ruling Socialist Party has infuriated Maduro but also provided him with a nationalist rallying cry.

Decrying "imperialism" still resonates for many in a region scarred by Washington's support of coups during the Cold War.

"No one gives Venezuela orders, no foreign government," Maduro told a specially convened state security council to analyze the U.S. threats.

"Donald Trump is not the boss of Venezuela."

Protests Grow

Maduro vowed that the July 30 election would go ahead despite a boycott and escalating protests from a majority-backed Venezuelan opposition, and growing foreign condemnation from the European Union to major Latin American countries.

"The Constituent Assembly should be abandoned ... The whole world is asking for that," said Colombia's President Juan Manuel Santos. In his speech, Maduro condemned him and Brazil's President Michel Temer as "lackeys" of Washington.

The Trump administration's possible sanctions on Venezuelan officials would freeze their U.S. assets and prohibit anyone in the United States from doing business with them.

Individual sanctions could come within days or else be delayed until after the July 30 vote, but no final decisions have been made and such actions could still be put on hold, one U.S. official told Reuters.

Tough oil-related sanctions could bankrupt the Maduro government and worsen grave food shortages in the crisis-hit OPEC nation. Hitting Venezuela's energy sector could also raise U.S. domestic gasoline prices.

Venezuela is the third largest foreign oil supplier to the United States, after Canada and Saudi Arabia, exporting about 780,000 barrels per day of crude.

Polls show the ruling Socialists would be thrashed in any conventional election in Venezuela. A majority of people oppose the Constituent Assembly, which critics have said is a sham election skewed to give Maduro a majority.

He insists it is the only way to bring peace after months of anti-government unrest that has killed 100 people and further crippled the economy.

Maduro's opponents said they drew 7.5 million people onto the streets at the weekend to vote in a symbolic referendum where 98 percent disagreed with the assembly.

Protesters blockaded parts of Caracas on Tuesday and a national strike was called for Thursday.



Story by Matt Spetalnick and Andrew Cawthorne; Additional reporting by Diego Ore, Andreina Aponte, Corina Pons, Alexandra Ulmer and Girish Gupta in Caracas, Marianna Parraga in Houston, John Walcott, Patricia Zengerle and Ayesha Rascoe in Washington; Writing by Andrew Cawthorne and Alexandra Ulmer; Editing by Andrew Hay, Toni Reinhold from Reuters.

reuters
.com
07 19 2017

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels


Round 2.2 & 2.3
Results

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.