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Demonstrators block a street at a rally against Venezuela's President Nicolas Maduro's government in Caracas, Venezuela August 8, 2017. REUTERS/Andres Martinez Casares

U.S. Sanctions Eight More Venezuelans Which Including Hugo Chavez’ Brother

Thursday, 10 August 2017 :  The Trump administration on Wednesday imposed sanctions on eight more Venezuelan officials, including the brother of late socialist leader Hugo Chavez, to punish them for their role in President Nicolas Maduro’s creation of a new legislative superbody, U.S. officials said.

The United States targeted individual politicians and security figures but stopped short of placing broader financial or “sectoral” sanctions on its vital oil industry – though such actions, the officials told Reuters, are still under consideration.

The new measures announced by the Treasury Department will freeze their U.S. assets, ban them from travel to the United States and prohibit Americans from doing business with them. Washington slapped sanctions on Maduro himself last week following similar action against 13 Venezuelan figures on July 26.

The sanctions marked a further escalation of the U.S. response to Maduro’s establishment last week of the new constituent assembly, an all-powerful body run by his Socialist Party loyalists and which has drawn international condemnation.

“President Maduro swore in this illegitimate Constituent Assembly to further entrench his dictatorship, and continues to tighten his grip on the country,” U.S. Treasury Secretary Steven T. Mnuchin said in a statement. “This regime’s disregard for the will of the Venezuelan people is unacceptable, and the United States will stand with them in opposition to tyranny until Venezuela is restored to a peaceful and prosperous democracy.”

The latest measures were intended to make good on the Trump administration’s threats to sanction anyone who helped create or joined the new assembly. The U.S. government accused all eight of participating “in actions or policies that undermine democratic processes or institutions in Venezuela.”

President Donald Trump’s administration is continuing to weigh possible sanctions against more senior figures, including Venezuelan Defense Minister Vladimir Padrino and Socialist Party No. 2 Diosdado Cabello, and they could be included in future sanctions packages if Maduro does not change course, the U.S. officials told Reuters.

But experts say individual sanctions, while providing strong symbolism, have had little or no impact on Maduro’s policies and that broader oil-sector and financial sanctions – the toughest of possible measures – may be the only way to make the Venezuelan government feel economic pain.

The United States, however, has held off on oil-related measures for now, mindful of the potential not only for deepening the suffering of the Venezuelan people but also the risk of causing problems for U.S. companies and consumers. It is also lacking strong regional support for such steps.

Source : Internet

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