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U.S. is ready to slap more sanctions on venezuelan officials

Miguel Gutierrez / EPA

University students clash with the National Bolivarian Police (PNB) during a protest in Caracas, Venezuela, on Nov. 21, 2018.

- U.S. Is Ready to Slap More Sanctions on Venezuelan Officials
- Pompeo visits Colombia's Venezuelan border after regional tour

By John Quigley / Bloomberg

Petroleumworld 04 15 2019

The U.S. is ready to apply new sanctions on Venezuela's leadership, Secretary of State Mike Pompeo said, as the government steps up pressure on Nicolas Maduro to relinquish power and allow new elections to be held.

The U.S. government will use all political and economic means at its disposal, including sanctions and visa revocations against those propping up the regime, Pompeo said Sunday from the Colombian town of Cucuta on the border with Venezuela, at the end of a three-day visit to South America.

The region is grappling with a massive exodus of Venezuelans escaping food shortages, economic collapse and a breakdown in law and order. The top U.S. diplomat said 3.4 million Venezuelans have fled the country and that number may reach 5 million by year-end. The U.S. and more than 50 other nations recognize National Assembly President Juan Guaido as the nation's rightful leader.

“Maduro's usurpation must end. All Venezuelans should reject the illegal authoritarian rule imposed on the Venezuelan people, including the Venezuelan military leadership,” Pompeo said in prepared remarks, following a visit to the Simon Bolivar bridge between Colombia and Venezuela that Maduro closed in February.


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