United States mulling sanctions on Venezuela oil - Tillerson

Casey Dawson
February 6, 2018

An embargo on Venezuela could hurt US oil refiners.

Tillerson's visit to Mexico, Argentina, Peru, Colombia and Jamaica was to focus on attempts to step up pressure on Venezuela, which the USA accuses of corruption and rights abuses.

"Chinese people might be surprised to find out that their country is labeled a 'new imperial power, '" said Global Times in an op-ed.

Current sanctions target separate individuals from the Nicolas Maduro government as well as a ban on US banks and other institutions buying Venezuelan debt. "As a outcome, the people suffer", he said.

Argentinian President Mauricio Macri has enjoyed a close business relationship with Donald Trump that dates back to 1980s, and was one of the first to congratulate the American mogul when the latter was elected as president.

Faurie seconded Tillerson's comments, emphasising the need to tackle worldwide crime networks for the interests of both countries.

Hawaii man says he's devastated about sending missile alert
Oliviera said the employee had been working at HEMA for 10 years and had a history of work performance issues. He added: "I feel very badly for what's happened - the panic, the stress people felt, all the hurt and pain".

Speaking in Argentina, Sec. of State Rex Tillerson said the us was discussing how to raise the pressure on Venezuelan President Nicolas Maduro to restore his country's constitution and hold free and fair elections.

Hundreds of thousands of Venezuelans have already emigrated to neighboring countries such as Colombia and Brazil, who are now calling for greater global efforts to help ease the crisis.

"As the foreign minister indicated, our disagreements are with the Venezuelan regime not with the people, the Venezuelan people are suffering mightily in the current circumstances". The Trump administration last mentioned an oil import ban as a possible scenario last July ahead of a Constitutional Assembly vote that was widely seen as aimed at cementing Maduro and his government in power despite the economic crisis that has been ravaging the country since oil prices started falling in 2014.

Maduro, for his part, swiftly rebuked the US. "We are prepared, Venezuela". Meanwhile, anti-government protests were met with massive rallies in support of Maduro, with the largest pro-government demonstrations taking place in the Venezuelan capital Caracas. Faurie said his country would "closely follow" the possibility of fuel sanctions as long as they "never harm the Venezuelan people".

Analysts say US oil sanctions could completely cripple the Venezuelan economy. "The question is whether the USA can find alternatives ahead of time that counterbalance the loss" of Venezuelan oil under potential sanctions.

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER