US denounces 'sham' Venezuela election and imposes new sanctions

Tuesday, May 22, 2018 | Tag Cloud Tags: , , , , , ,

(Worthy News) - The US ratcheted up pressure on Venezuelan President Nicolas Maduro on Monday by further tightening economic sanctions against the cash-starved leftist regime.

The latest round of financial restrictions bars American companies or individuals from purchasing any debt owed to the Venezuelan government or its state-owned enterprises. The order massively restricts the Maduro regime's ability to liquidate assets in a bid to raise much-needed revenue.

The latest round of sanctions comes on the back of Maduro's contested re-election on Sunday. The US refused to recognize the election result after Venezuelan officials credited Maduro with taking 68 percent of the ballots, far ahead of his closest rival Henri Falcon, who only managed 21 percent. The main opposition party, the Democratic Unity Roundtable, boycotted the election. [ Source: Deutche Welle (Read More...) ]

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