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.

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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.

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