Trump imposes sanctions against Maduro

Trump imposes sanctions against Maduro

World August 25, 2017 17:57

washington - US President Donald Trump signed a decree on Friday banning trade in Venezuelan debt securities.

The 'solid' financial sanctions should push pressure on President Nicolás Maduro's regime to stop his 'tyranny', the White House said Friday.

US banks can no longer buy bonds from the Venezuelan state or state-owned oil company PDVSA by the decree. This has to tighten the regime's access to foreign currency.

Other commercial and humanitarian transactions are still permitted, including the import and export of oil, according to the White House. Venezuela, a major oil country, exports a lot of oil to the United States.

The United States ambassador to the United Nations, Nikki Haley, said Friday that the US will not tolerate the 'dictatorship' that Maduro tries to establish.

Leave a comment

The is not responsible for the content of external sites.


Back to Top