The US announced new sanctions against Venezuela

The US special representative for Venezuela Elliott Abrams reported on the upcoming new sanctions against a number of financial institutions associated with the President of the country Nicolas Maduro.

“There will be more sanctions against financial institutions that follow the instructions of the Maduro regime to steal Venezuelan money and hide them around the world,” he said. He did not specify whether it is Venezuelan or foreign financial institutions.

On the eve the assistant to the US President for national Security John Bolton threatened foreign financial institutions sanctions for supporting Nicholas Maduro. According to him, Washington may impose sanctions against those, who will conduct transactions in favor of the current President of Venezuela and his government.

On January 23, the Chairman of the Venezuelan National Assembly Juan Guaido declared himself the acting President. In addition to the US it was supported by several Latin American countries and most European countries. Russia, China, Turkey and Cuba consider President Nicolas Maduro legitimate.
On March 5, the US President Donald Trump extended sanctions against Venezuela, introduced back in 2015 and has since been repeatedly extended.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor