Trump tightens screws on Venezuelan president Maduro

By Jay Jackson, San Francisco Star
23 Mar 2019, 14:13 GMT+10

Trump has lashed out again at Venezuelan President Nicolas Maduro
U.S. says it will continue to take steps to pressure Maduro, his regime, and those who support him
"People of Venezuela suffer from lack of food, medicine, and reliable power and water"

WASHINGTON DC - U.S. President Donald Trump has lashed out again at Venezuelan President Nicolas Maduro, while the U.S. treasury has issued new sanctions against a major Venezuelan government owned-and-controlled bank and its subsidiaries which Washington says are being used to move money in and out of the country, in a bid to get around sanctions.

"President Donald J. Trump is committed to preventing Nicolas Maduro and his regime from further stealing Venezuela's resources and wealth for their personal gain, while the people of Venezuela suffer from lack of food, medicine, and reliable power and water," White House press secretary Sarah Sanders said Friday.

"The United States will not tolerate the arrest of peaceful democratic actors, including members of the democratically-elected Venezuelan National Assembly and those Venezuelans working with Interim President Juan Guaido."

"Today, the Department of the Treasury determined that Venezuela's financial sector is subject to sanctions pursuant to Executive Order 13850, and sanctioned a major Venezuelan bank and four subsidiary banks used by Maduro and his regime as slush funds to evade United States sanctions and to move money out of Venezuela," Sanders said.

"The United States will continue to take steps to pressure Maduro, his regime, and those who support him, until they step out of the way and allow a democratic transition to occur under Interim President Guaido and the National Assembly of Venezuela," the White House press secretary said.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Francisco Star.

More Information