US Set to Impose New Sanctions On Venezuela

20 Mai, 2017, 22:45 | Author: Cyril Hebras

In February, Vice President Tareck El Aissami became the the highest-ranking Venezuelan hit by US sanctions under the Foreign Narcotics Kingpin Designation Act for alleged ties to drug trafficking and one of the most-senior government leaders of any country listed by the Treasury Department under its various sanctions authorities.

"Members of the country's supreme Court of Justice have exacerbated the situation by consistently interfering with the legislative branch's authority".

The U.S. Treasury Department on Thursday slapped sanctions on eight Venezuelan supreme court justices, accusing them of abusing the authority of the country's legislature. That designation means that as of Thursday, the eight magistrates' assets in the U.S are frozen and people in the USA are prohibited from doing business or transacting with them.

His statement came after a massive candle light vigil in Caracas that was held in honor of the Venezuelans who have died during the ongoing protests.

"The Venezuelan people are suffering from a collapsing economy brought about by their government's mismanagement and corruption", Steven Mnuchin, the U.S. treasury secretary, said in a statement. All of those targeted will have their assets frozen within United States jurisdiction, and American citizens will be barred from doing business with them, the Treasury Department said.

Opposition supporters clash with riot security forces while rallying against President Nicolas Maduro in Caracas, Venezuela, May 18, 2017.

Haley said "peaceful protesters have been injured, arrested and even killed by their own government". "This announcement should be encouraging to the people of Venezuela that they are not alone".

Venezuelan opposition leader Henrique Capriles says he has been stopped from leaving the country to meet United Nations officials in NY, according to BBC News. "By imposing these targeted sanctions, the United States is supporting the Venezuelan people in their efforts to protect and advance democratic governance in their country". It was also hours after Venezuelan authorities prevented a known politician from traveling to NY for a meeting at the United Nations to discuss the crisis.

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US President Donald Trump has described Venezuela's crisis as a "disgrace". Maduro's critics say it was an exc us e for him to consolidate power and muzzle the opposition.

Despite its vast oil reserves, Venezuela is suffering chronic shortages of food, medicine and other basic supplies.

Venezuela's Foreign Minister Delcy Rodriguez took to Twitter to reject the US-imposed measures, calling them "outrageous and unacceptable".

The court said the National Assembly was in contempt over vote-buying acc us ations against three lawmakers.

A ruling issued in late March that stripped Venezuela's congress of its last powers was later reversed amid a storm of global criticism.

"As President Trump has said, Venezuela is a disaster".

Those blacklisted under the latest decree include Maikel Moreno, the president of the government-packed Supreme Court, as well as all seven justices who signed a ruling in late March nullifying congress. Those decisions have since been partially reversed. In February, the target was Vice President Tareck El Aissami, whom USA officials accuse of being involved in worldwide drug trafficking.

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