U.S. readies Venezuela sanctions, Maduro defies threat

Freddy Guevara, first Vice-President of the National Assembly and lawmaker of the Venezuelan coalition of opposition parties (MUD), talks to the media during a news conference in Caracas
Freddy Guevara (C), first Vice-President of the National Assembly and lawmaker of the Venezuelan coalition of opposition parties (MUD), talks to the media during a news conference in Caracas, Venezuela July 17, 2017. REUTERS/Carlos Garcia Rawlins

July 19, 2017

By Matt Spetalnick and Andrew Cawthorne

WASHINGTON/CARACAS (Reuters) – The Trump administration is preparing sanctions against several senior Venezuelan government figures, U.S. officials said on Tuesday, to pressure President Nicolas Maduro to abort plans for a controversial congress foes say would cement dictatorship.

The punitive measures could come against Defense Minister Vladimir Padrino Lopez and Socialist Party No. 2 Diosdado Cabello for alleged rights violations, the U.S. officials told Reuters, speaking on condition of anonymity.

Their comments followed President Donald Trump’s vow on Monday to take “strong and swift economic actions” if Maduro went ahead with the new body that would have power to rewrite Venezuela’s constitution and supersede all institutions.

“All options are on the table,” including possible measures

against Venezuela’s vital oil sector such as banning its crude imports to the United States, a senior Trump administration official told reporters on a conference call.

Washington is seeking to head off the July 30 vote for a Constituent Assembly that it sees as Maduro’s effort to create a “full dictatorship,” the administration official said.

The heightened U.S. rhetoric against Venezuela’s ruling Socialist Party has infuriated Maduro but also provided him with a nationalist rallying cry.

Decrying “imperialism” still resonates for many in a region scarred by Washington’s support of coups during the Cold War.

“No one gives Venezuela orders, no foreign government,” Maduro told a specially convened state security council to analyze the U.S. threats.

“Donald Trump is not the boss of Venezuela.”


Maduro vowed that the July 30 election would go ahead despite a boycott and escalating protests from a majority-backed Venezuelan opposition, and growing foreign condemnation from the European Union to major Latin American countries.

“The Constituent Assembly should be abandoned … The whole world is asking for that,” said Colombia’s President Juan Manuel Santos. In his speech, Maduro condemned him and Brazil’s President Michel Temer as “lackeys” of Washington.

The Trump administration’s possible sanctions on Venezuelan officials would freeze their U.S. assets and prohibit anyone in the United States from doing business with them.

Individual sanctions could come within days or else be delayed until after the July 30 vote, but no final decisions have been made and such actions could still be put on hold, one U.S. official told Reuters.

Tough oil-related sanctions could bankrupt the Maduro government and worsen grave food shortages in the crisis-hit OPEC nation. Hitting Venezuela’s energy sector could also raise U.S. domestic gasoline prices.

Venezuela is the third largest foreign oil supplier to the United States, after Canada and Saudi Arabia, exporting about 780,000 barrels per day of crude.

Polls show the ruling Socialists would be thrashed in any conventional election in Venezuela. A majority of people oppose the Constituent Assembly, which critics have said is a sham election skewed to give Maduro a majority.

He insists it is the only way to bring peace after months of anti-government unrest that has killed 100 people and further crippled the economy.

Maduro’s opponents said they drew 7.5 million people onto the streets at the weekend to vote in a symbolic referendum where 98 percent disagreed with the assembly.

Protesters blockaded parts of Caracas on Tuesday and a national strike was called for Thursday.

(Additional reporting by Diego Ore, Andreina Aponte, Corina Pons, Alexandra Ulmer and Girish Gupta in Caracas, Marianna Parraga in Houston, John Walcott, Patricia Zengerle and Ayesha Rascoe in Washington; Writing by Andrew Cawthorne and Alexandra Ulmer; Editing by Andrew Hay, Toni Reinhold)

  • gtsarris

    @TP, Scotty, Robert Adams – exactly what these libtards want. Chaos, riots and total control. This progressive agenda will take this great nation right down that path. Liberals wake up!!! Bernie & Clinton had this agenda ready – promising nothing!

  • TP

    Hey Bernie, this is real life socialism! Why aren’t you talking it up Venezuelans aren’t real thrilled with it.
    Come on Bernie, Pelosi, Clinton obamma brag about your policies! Playing out all over the World

  • American Insurgency

    Why isn’t Sean Penn getting involved NOW?!

  • Scotty

    Take a good look all you libtard fools. This is what would have happened to America if you idiots had managed to elect Hillary.

    • BillVA

      Capitalism would have left a big enough slug of money for times to be good for a while.

      Then they would just find a scapegoat…the media would help.

      • louigi

        How can the country with the world’s largest oil reserves be broke??? Think Liberal Progressive government. The same mentality that the democrats in the US have.

  • Robert Adams

    Watch out America, this is what the Clinton cabal wants. Liberal progressives started the Venezuelan chaos that got Maduro into office.

  • gtsarris

    This is a tragedy. What a beautiful, peaceful and friendly country Venezuela was. People that have struggled to build lives and businesses have been torn down to nothing. The Chavez government has taken everything from these people and Maduro is sinking it to the worst ever.