Trump's Venezuela Envoy Vows Sanctions On Banks Backing Nicolas Maduro

Guaido calls for march on Caracas as Venezuela blackout drags

Guaido calls for march on Caracas as Venezuela blackout drags

At the same time, he noted that the United States is working with the worldwide community to freeze Venezuelan government bank accounts around the world.

Venezuela is in the midst of a power struggle between President Nicolas Maduro and national assembly leader Juan Guaido, who declared himself interim president in January and is backed by more than 50 countries, chief among them the United States.

Washington this week revoked the USA visas of senior Venezuelan officials and said on Wednesday it had identified efforts by Maduro to work with foreign banks to move and hide money. He did not name the banks.

Abrams explained plans for protection of U.S. embassies overseas are always on the table; however, the United States does not plan on intervening militarily in Venezuela in the context of the recent developments in that country.

More than three million people are believed to have fled Venezuela in recent years amid a deep economic crisis marked by widespread shortages of food and medicine as well as hyperinflation. His opponents say his socialist policies have caused the meltdown.

If enacted, the legislation, which has been introduced in both the House and the Senate, would allow Venezuelans living in the us who have fled the country's repressive government and collapsing economy to qualify for TPS protections and work permits.

ECB turns on the taps to battle economic slump and aid stricken banks
In Asia, Nikkei futures were pointing to an opening loss of around 1.6 percent, while the Australian market was off 0.4 percent. There was also a chance the jobless rate could fall by more than forecast given the recent strength in employment.

They warned recent sanctions could 'exacerbate the country's grave economic crisis, causing enormous suffering for the most vulnerable in society who bear no responsibility for the situation'.

"Granting TPS to Venezuela is a concrete measure your Administration can immediately take to alleviate the suffering of innocent Venezuelan civilians and to demonstrate our nation's commitment to supporting a safe democratic transition in Venezuela so that individuals can safely return home soon", a group of 24 senators, including presidential hopefuls Kamala Harris, Amy Klobuchar and Cory Booker, wrote in a letter addressed to the president Thursday afternoon.

Sixteen Democratic lawmakers, among them rising star Alexandria Ocasio-Cortez, on Thursday sent a joint letter to Secretary of State Mike Pompeo criticising what they described as "counterproductive" U.S. strategy on crisis-hit Venezuela.

Abrams accused Russian Federation and Cuba of shielding Maduro, who Abrams said was protected by "thousands and thousands" of Cuban military and intelligence officials while Moscow has supplied tens of millions of dollars to the government. He said he had met with Russia's ambassador to Washington, Anatoly Antonov, but not yet with officials from China, which also has backed Maduro.

"When you have inflation by some estimates 2 million percent, nobody has the ability to buy anything anyway, so there will be profound despair and hopelessness", Green told the hearing.

US Special Representative for Venezuela Elliott Abrams announced that Washington did not have plans of military intervention to Venezuela.

Recommended News

  • Russian Federation  detains 2 LDS volunteers, church says

    Russian Federation detains 2 LDS volunteers, church says

    He said they looked calm, but upset that they were being made to leave their volunteer mission in Russian Federation early. Utah's senators, Mike Lee and Mitt Romney, said Thursday they were aware of the dispute but declined to comment.
    MS Dhoni Hosts Indian Cricket Team Ahead of 3rd ODI vs Australia

    MS Dhoni Hosts Indian Cricket Team Ahead of 3rd ODI vs Australia

    Injured fast bowler Mitchell Starc has suffered a setback in his recovery from a pec strain, and will also miss the series. Aaron Finch , who has had a bad time with the bat of late, will continue as the skipper.
    Guaido returns to Venezuela, calls for street protests

    Guaido returns to Venezuela, calls for street protests

    Many Venezuelans say the election should not be recognized because Maduro barred his opponents from running against him. Meanwhile, U-S Secretary of State, Mike Pompeo has hailed Guaido's QUOTE safe return to Venezuela.
  • Florida lawmakers introduce federal bill to make Daylight Saving Time permanent

    Florida lawmakers introduce federal bill to make Daylight Saving Time permanent

    The first community in Canada to adopt Daylight Saving is Thunder Bay, Ontario, who turned their clocks forward back in 1908. Do we still need to do it? In 2019, only 73 countries will move clocks ahead on Sunday. "We don't need to do it".
    Israel’s first spacecraft to moon sends selfie

    Israel’s first spacecraft to moon sends selfie

    A SpaceX Falcon 9 rocket sent Beresheet into orbit on February 21, with a logistical assist from Seattle-based Spaceflight. CTech - Israeli spacecraft Beresheet just posted a selfie, 37,600 kilometers away from earth.
    Paris Jackson reacts to 'Leaving Neverland' accusations, urges calm: 'Chillax my dudes'

    Paris Jackson reacts to 'Leaving Neverland' accusations, urges calm: 'Chillax my dudes'

    She was just 11 when her father passed away in 2009 aged 50, following acute propofol and benzodiazepine intoxication. She then added a tweet that read, 'ya'll take my life more seriously than I do'.
  • Dhoni takes Kedar Jadhav, Rishabh Pant for a Hummer ride in Ranchi

    Dhoni takes Kedar Jadhav, Rishabh Pant for a Hummer ride in Ranchi

    But national selectors have chosen to stick with the 15 man squad now in India , leaving Smith and Warner to return in the IPL. Both the players have been fighting elbow injuries over the last few months but are expected to be fit for the IPL.
    Government kept tabs on journalists, 'instigators'

    Government kept tabs on journalists, 'instigators'

    In some cases, dossiers were compiled on the individuals, with the help of intelligence from Mexican officials, the report said. At one point, U.S. authorities fired tear gas at the migrants and shut down the country's busiest border crossing after U.S.
    Brown calls report of trade to Bills 'fake news'

    Brown calls report of trade to Bills 'fake news'

    According to NFL Media's Ian Rapoport, the Steelers are finishing up a deal that will send the 30-year-old to the Buffalo Bills . Since 2013, Brown leads the National Football League in receptions with 686, receiving yards (9,145) and touchdowns (67).
  • Why are some icebergs Green?

    Why are some icebergs Green?

    Scientists from the United States and Australia may have finally solved the decades-long mystery surrounding green icebergs. A brand new study claims that the green color is the result of the iron oxides in the rock dust from Antarctica's mainland.
    'Captain Marvel' features some of your fave '90s songs

    'Captain Marvel' features some of your fave '90s songs

    Carol Danvers , unfortunately, is an inferior counterpart to the carefully crafted personas of Tony Stark and Bruce Banner. She also has one of the most confusing and labyrinthine back stories this film fan has ever had the task of untangling.
    French cardinal found guilty of failing to act on sexual abuse allegations

    French cardinal found guilty of failing to act on sexual abuse allegations

    Delivering a brief statement after Thursday's verdict, Barbarin reiterated that he has compassion for the victims in the case. The archbishop had said in a newspaper interview he was first made aware of allegations against the priest "in 2007 or 2008".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.