US-Venezuela relations

The refusal by presidential candidate Henri Falcón to recognise the results bodes poorly for Nicolas Maduro’s new term as president. The consolidation of a moderate bloc within the opposition that Falcón represented — which recognises the government’s legitimacy — would have significantly cut into the strength of the more intransigent or radical parties on the right and provided Venezuelan politics with much needed stability.

A new round of United States sanctions against Venezuela, this time directed against three individuals and their businesses, was rebuffed on May 7 by Samuel Moncada, the Bolivarian Republic’s Vice Minister for Foreign Relations.

US President Donald Trump is prepping a team of lawyers and policy experts to help right-wing Latin American governments write new laws imposing sanctions on Venezuelan officials and industries, a US source familiar with the policies told McClatchy News' Washington Bureau.

The push is part of Washington’s economic and political war against the left-wing government that aims to undermine Venezuela’s democracy and oust President Nicolas Maduro.

Venezuelan President Nicolas Maduro has come out strongly against United States President Donald Trump’s latest sanctions on the South American country. These prohibit “all transactions” with “any digital currency” issued by the Venezuelan government — alluding to the cryptocurrency promoted by the Venezuelan authorities, known as “Petro”.

The United States administration has stepped up its efforts at “regime change” in Venezuela in recent weeks.

Venezuelan Foreign Minister Jorge Arreaza said US-imposed sanctions are making foreign debt renegotiation more difficult and that the government would look to work with other countries to alleviate their needs.

The situation was bleak for Venezuela’s pro-poor Bolivarian Revolution in the first half of last year.

With a dire economic situation and a growing wave of violent opposition protests, President Nicolas Maduro turned the tables by convening a National Constituent Assembly (ANC) in July.

Venezuela’s National Constituent Assembly (ANC) has approved a proposal to hold presidential elections before April 30. 

The move came a day after the European Union announced sanctions targeting seven Venezuelan senior state officials on January 22.

Venezuela has hit back at the United States after it issued fresh threats to impose new sanctions against Venezuelan officials while attempting to derail the dialogue between Venezuela’s government and opposition.

Politics in the Pub

Gaelic Club, 64 Devonshire St, Surry Hills
Speakers: Coral Wynter, author, Voices from Venezuela; Fred Fuentes, co author, Latin America's Turbulent Transitions. All welcome. Parking after 6 pm. 5 mins from Central Station. Bar opens at 6pm.

Pages

Subscribe to US-Venezuela relations