China condemns unilateral United States sanctions against Venezuela

Nicolas Maduro

Tensions across Venezuela hit fever pitch earlier this month when a pro-government constituent assembly seized power from the opposition-held congress.

Trump warned earlier this month that the United States was mulling a range of options against Venezuela, "including a possible military option if necessary". The U.S. Treasury Secretary Seven Mnuchin said Trump's order was focused on new securities by making it illegal for U.S. financial institutions to trade new bonds with the Venezuelan government.

The Venezuelan government has categorically rejected a public statement issued by the opposition Democratic Unity Table coalition, which supports USA -imposed economic sanctions against the country.

"Maybe the United States is trying to create a humanitarian crisis in our country?"

Speaking from Macarao National Park, in the western state of Miranda, Padrino said "from this observation post (and) accompanied by all of my fellow soldiers. on Sunday we officially begin this drill", Xinhua reported. "Obviously the United States has a lot of influence over the Venezuelan economy, but it doesn't mean we want to rush in and use our influence in an irresponsible manner". They will restrict the regime's access to US equity markets, prohibit trading in two bonds issued recently by the Venezuelan government and its state run oil company and prohibit (with some exceptions) its USA subsidiary Citgo from sending dividends back into Venezuela. But even with this being the case, the U.S.is still dealing with oil exports from the country.

Ever since Maduro announced there would be a Constituent National Assembly, countries from around the world - especially from the Americas - raised their voices to reject such actions as they consider them to be unconstitutional and awful for Venezuela's - already weak - democracy and division of power.

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Maduro is under worldwide pressure over his handling of an economic and political crisis.

"They would bolster his discourse that Venezuela is the target of an economic war", said Smilde.

The #trump administration moved to place more sanctions on #Venezuela on Friday.

The new sanctions also bolster regional efforts - expressed in the Lima Declaration of August 8 - which refused to recognize Maduro's hand-picked "Constituent Assembly" and any laws it adopts.

Maduro is already struggling to combat widespread shortages and triple-digit inflation as oil production has tumbled to its lowest level in more than two decades. Venezuela risks a default on ballooning debt.

"For the MUD, the enemy is Venezuela".

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