Trump Takes ACTION Against Venezuela

President Donald Trump has just implemented new financial sanctions against the “embattled” regime in Venezuela.

Per Politico:

The White House slapped a fresh round of financial sanctions on Venezuela on Friday in a new bid to ratchet up pressure on the government of Venezuelan President Nicolás Maduro.

The sanctions ordered by President Donald Trump target Maduro’s ability to raise money to support his embattled government or to finance the long-term operations of the state-owned oil company, Petróleos de Venezuela S.A., the country’s main source of income.

The Trump administration has previously discussed getting involved in Venezuela:

The move comes as Maduro has clamped down on political opposition and consolidated power in his government’s hands. Venezuela’s economy has been in a freefall, and its citizens have suffered from food shortages and a sharp rise in violent crime.

Earlier this month, Trump issued a surprise threat to Maduro, warning the U.S. might intervene in the chaos enveloping the South American country. “I’m not going to rule out a military option,” Trump said. “We have troops all over the world. … Venezuela is not very far away.”

Meanwhile, Vice President Mike Pence told an audience in Florida on Wednesday that the U.S. would “bring the full measure of U.S. economic and diplomatic power to bear until democracy is restored in Venezuela.”

The sanctions add a new financial hurdle to Maduro and his regime:

The sanctions announced Friday will apply to new debt and equity issued by the government of Venezuela on a case-by-case basis, but could exempt some financing necessary “for the legitimate activity of the National Assembly,” a senior administration official told reporters. The National Assembly had opposed the Maduro government’s efforts to consolidate power — until a controversial special election held earlier this month resulted in a number of Maduro’s supporters coming to power.

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The White House had already sanctioned Maduro and key members of his regime after the country went forward in rewriting its constitution to place more power in his hands. The latest sanctions carve out an exception for financing necessary for oil imports and exports, according to the White House release.

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