U.S. imposes first economic sanctions against Venezuela

[Eugene]

Source: Miami Herald

U.S. imposes first economic sanctions against Venezuela

BY PATRICIA MAZZEI AND FRANCO ORDOÑEZ
AUGUST 25, 2017 11:30 AM

The U.S. imposed its first economic penalties against Venezuela on Friday, hitting the South American country’s financial sector in an attempt to starve President Nicolás Maduro’s government of cash.

The Trump administration banned trades of Venezuelan debt, prohibiting Maduro’s government and its state-run oil company, Petróleos de Venezuela SA, from selling new bonds to Americans or in U.S. financial institutions. President Donald Trump signed an executive order approving the sanctions Thursday.

“In an effort to preserve itself, the Maduro dictatorship rewards and enriches corrupt officials in the government’s security apparatus by burdening future generations of Venezuelans with massively expensive debts,” Press Secretary Sarah Huckabee Sanders said in a statement.

“These measures are carefully calibrated to deny the Maduro dictatorship a critical source of financing to maintain its illegitimate rule, protect the United States financial system from complicity in Venezuela’s corruption and in the impoverishment of the Venezuelan people, and allow for humanitarian assistance.”

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Read more: http://www.miamiherald.com/news/nation-world/world/americas/venezuela/article169319977.html

[Marksman_91]

1. Good measures.

No American or American institution should taint itself with blood money that Maduro would only use to buy more weapons to keep the Venezuelan people under his thumb.

[GatoGordo]

2. For a group of people (Chavistas) who hate Capitalism

they sure do make a lot of noise about the buying and selling of commodities. You'd think that they wouldn't care about the price of oil or whether their bonds were going to be repaid. Whats the worst thing that could happen, Maduro? Goldman Sachs, Russia and China doesn't get paid?