Venezuela! Te agarro en la bajadita: 8/25 WH levies sanctions on Maduro regime

[loyola llothta]

more coups.

That what they been trying to do

 

[SirReginald]

That what they been trying to do

..........and it's ALWAYS POC countries too Never those cac countries.

 

[☑︎#VoteDemocrat]

 

[☑︎#VoteDemocrat]

..........and it's ALWAYS POC countries too Never those cac countries.

you know nothing about the leadership of VZ if you clearly think this.

 

[loyola llothta]

..........and it's ALWAYS POC countries too Never those cac countries.

Just look at the latin nations/SA that support the US (&they allies) foreign coups to oust Ven democratic president


Peru, Argentina, Brazil, , Chile, Colombia , Panama and Mexico

 

[DonFrancisco]

If the US is serious about applying pressure, why don't they go after Citgo's assets and freeze them. The Venezuelan government indirectly owns 51% of the company.

 

[Red Shield]

here we go, some guy was just on fox news calling for the us to take action in venezuela and remove marduro

shyt they been trying for years, shyt ain't new

 

[loyola llothta]

 

[tru_m.a.c]

If the US is serious about applying pressure, why don't they go after Citgo's assets and freeze them. The Venezuelan government indirectly owns 51% of the company.

“It’s complicated,” said David L. Goldwyn, who was a top State Department energy envoy in the Obama administration.

“Tough sanctions could lead to a default on their bonds and a collapse of internal investment and oil production,” he added. “Other impacts could include civil unrest, refugee flows across their borders, and a cutoff of Venezuelan financial support to Cuba and Haiti that could lead to migration flows to the United States.”

There is also the potential for collateral damage to the United States.

Any trade embargo could raise gasoline prices, cost jobs in the oil patch and dampen profits for several major refiners. A decrease in Venezuelan exports could raise global oil prices, bolstering the economies of Russia and Iran just as Washington prepares to ratchet up sanctions on those countries.

As a first step, the administration this week froze assets of, and instituted a ban on travel visas for, 13 influential Venezuelans including electoral, military and correctional officials. One of them is Simón Zerpa, vice president for finance at Petróleos de Venezuela, known as Pdvsa, which could complicate relations between the state oil company and American players in Venezuela that are already struggling to get paid for services. The move follows similar sanctions imposed by the Trump administration on Venezuela’s vice president, Tareck El Aissami, and eight members of its Supreme Court.

More consequential would be future sanctions to limit American oil companies and service companies from operating in Venezuela or to limit the ability of the Venezuelan national oil company to engage in banking activities in the United States or trade with American companies. That scenario would effectively end Venezuelan oil exports to the United States and prohibit Pdvsa from importing the American light oil used to dilute its heavy crude for transport through pipelines and processing.

Such moves, at least in the short term, could result in a collapse in production of the oil that Venezuela depends on to get the foreign currency it needs to buy food and to service its debt.

“It will put Pdvsa on its knees and almost certainly lead to default,” said Francisco J. Monaldi, a Venezuelan oil expert at Rice University in Houston.

Depending on the details of future sanctions, Citgo, wholly owned by the Venezuelan state oil company, could also be crippled. Citgo operates roughly 4 percent of American refining capacity as well as a sprawling network of pipelines and gasoline stations in the United States.

Venezuela now sells more than 700,000 barrels of oil a day to the United States, out of a total production of roughly two million barrels a day, or just over 2 percent of world production. Energy experts say Venezuela could eventually replace the American market, by exporting more heavy oil to China and India, though at a discount. And the 100,000 barrels a day of light oil it imports from the United States could be replaced by imports from Nigeria and Algeria.

In the United States, a cutoff of Venezuelan oil imports would force Chevron, Valero Energy, Phillips 66 and other refiners to replace the heavy crude with imports from places like Kuwait and Saudi Arabia, producing higher tanker costs. The administration could sell the refiners supplies from the strategic petroleum reserve to help cushion the blow to their profit margins.

Wider U.S. Sanctions on Venezuela Risk Biting Both Countries

 

[88m3]

“It’s complicated,” said David L. Goldwyn, who was a top State Department energy envoy in the Obama administration.

“Tough sanctions could lead to a default on their bonds and a collapse of internal investment and oil production,” he added. “Other impacts could include civil unrest, refugee flows across their borders, and a cutoff of Venezuelan financial support to Cuba and Haiti that could lead to migration flows to the United States.”

There is also the potential for collateral damage to the United States.

Any trade embargo could raise gasoline prices, cost jobs in the oil patch and dampen profits for several major refiners. A decrease in Venezuelan exports could raise global oil prices, bolstering the economies of Russia and Iran just as Washington prepares to ratchet up sanctions on those countries.

As a first step, the administration this week froze assets of, and instituted a ban on travel visas for, 13 influential Venezuelans including electoral, military and correctional officials. One of them is Simón Zerpa, vice president for finance at Petróleos de Venezuela, known as Pdvsa, which could complicate relations between the state oil company and American players in Venezuela that are already struggling to get paid for services. The move follows similar sanctions imposed by the Trump administration on Venezuela’s vice president, Tareck El Aissami, and eight members of its Supreme Court.

More consequential would be future sanctions to limit American oil companies and service companies from operating in Venezuela or to limit the ability of the Venezuelan national oil company to engage in banking activities in the United States or trade with American companies. That scenario would effectively end Venezuelan oil exports to the United States and prohibit Pdvsa from importing the American light oil used to dilute its heavy crude for transport through pipelines and processing.

Such moves, at least in the short term, could result in a collapse in production of the oil that Venezuela depends on to get the foreign currency it needs to buy food and to service its debt.

“It will put Pdvsa on its knees and almost certainly lead to default,” said Francisco J. Monaldi, a Venezuelan oil expert at Rice University in Houston.

Depending on the details of future sanctions, Citgo, wholly owned by the Venezuelan state oil company, could also be crippled. Citgo operates roughly 4 percent of American refining capacity as well as a sprawling network of pipelines and gasoline stations in the United States.

Venezuela now sells more than 700,000 barrels of oil a day to the United States, out of a total production of roughly two million barrels a day, or just over 2 percent of world production. Energy experts say Venezuela could eventually replace the American market, by exporting more heavy oil to China and India, though at a discount. And the 100,000 barrels a day of light oil it imports from the United States could be replaced by imports from Nigeria and Algeria.

In the United States, a cutoff of Venezuelan oil imports would force Chevron, Valero Energy, Phillips 66 and other refiners to replace the heavy crude with imports from places like Kuwait and Saudi Arabia, producing higher tanker costs. The administration could sell the refiners supplies from the strategic petroleum reserve to help cushion the blow to their profit margins.

Wider U.S. Sanctions on Venezuela Risk Biting Both Countries

Nap and twism about to get the Chavista pompoms out after they read that

 

[88m3]

ya'll see the articles about the polling company coming out saying the numbers are bs?

 

[loyola llothta]

EU Shies Away from Sanctioning Venezuela

EU's top diplomat called on “all parties to refrain from violence, including through unidentified groups of armed civilians.”
The European Union has refused to sanction Venezuela as U.S.-led pressure against President Nicolas Maduro continues to mount.


In a statement, EU foreign policy chief Federica Mogherini said the EU would not recognize the results of Venezuela’s Constituent Assembly, citing concerns over “its effective representativeness and legitimacy,” but would not impose economic sanctions.

Mogherini instead urged for dialogue between the government and opposition groups and called on “all parties to refrain from violence, including through unidentified groups of armed civilians.”

Mogherini also warned the EU was prepared to “gradually step up their response” to Venezuela.

The statement comes amid escalating international pressure against the government of President Maduro after Venezuela held elections for the Constituent Assembly.

Paraguay has called for Venezuela to be suspended from Mercosur, the South American economic bloc.


In a press conference on Monday, Foreign Minister Eladio Loizaga said: “the conditions to sanction (Venezuela) are plainly apparent.”

Secretary of State Rex Tillerson also warned of "regime change," signaling the U.S. government was prepared to step up its response after announcing sanctions against President Maduro.

“We are evaluating all of our policy options as to what can we do to create a change of conditions where either Maduro decides he doesn’t have a future and wants to leave of his own accord or we can return the government processes back to their constitution,” the former Exxon Mobil chief executive said Tuesday.

But amid the threats, Venezuela has also been offered strong support from the international community.

U.N. Security Council chief Amr Abdellatif Aboulatta said Venezuela does not pose a threat to international peace and security, according to a report by Prensa Latina.

Russia, Cuba and Bolivia have also praised Venezuela and criticized international attacks against Venezuela.

Article:
EU Shies Away from Sanctioning Venezuela|News|teleSUR

 

[loyola llothta]

WikiLeaks Cable Reveals US Oil Interests in Venezuela

WikiLeaks has published a declassified 1978 U.S. diplomatic cable revealing U.S. interest in Venezuelan oil.

WikiLeaks has published an excerpt of a 1988 declassified cable between the U.S. State Department and the U.S. Embassy in Caracas highlighting the United States' longstanding interests in Venezuela.



The cable, titled "U.S. Goals, Objectives and Resource Management for Venezuela," outlines that the main goal of U.S.-Venezuela relations is to ensure that "Venezuela continues to supply a significant portion of our petroleum imports and continue to follow a moderate and responsible oil price position in OPEC."

The release of the declassified document comes a day after U.S. Secretary of State Rex Tillerson warned of "regime change" in Venezuela.

“We are evaluating all of our policy options as to what can we do to create a change of conditions where either Maduro decides he doesn’t have a future and wants to leave of his own accord or we can return the government processes back to their constitution,” Tillerson told a press conference.

Tillerson is the former CEO of oil giant ExxonMobile, raising suspicion his position on Venezuela has been influenced by oil interests.

President Maduro has attacked the recent sanctions are an "imperialist attack" against Venezuela.

Cuba likewise described U.S. actions as "an international plot to suppress the will of the Venezuelan people."

Source:

WikiLeaks Cable Reveals US Oil Interests in Venezuela|News|teleSUR

 

[ADevilYouKhow]

Maduro forces are “killing us,” says wife of detained opposition leader

Venezuela Is Collapsing, and No One Seems to Care

 

[loyola llothta]

US Says It Won’t Recognize Venezuela’s Constituent Assembly

The United States will not recognize Venezuela’s National Constituent Assembly, ANC, the State Department said on Thursday, calling it "the illegitimate product of a flawed process."


The announcement comes as the 545-member assembly holds its first session on Friday. Venezuelan President Nicolas Maduro has defended the newly-minted political body, created as a result of a Sunday vote where over 8 million people cast their ballots.

"The United States considers the Venezuelan National Constituent Assembly the illegitimate product of a flawed process designed by the Maduro dictatorship to further its assault on democracy," State Department spokeswoman Heather Nauert said in a statement.

She accused the process of being “rigged from the start” and "designed to fill the assembly with loyalists to President Maduro." She also claimed that the election lacked credible international observation.

“The United States will not recognize the National Constituent Assembly,” Nauert said, adding that the United States was evaluating all of its policy options to create a "change of conditions."

Forty countries, including Canada, Argentina, Brazil and Colombia, have joined Washington in refusing to acknowledge the ANC, despite the fact that the right to call for an assembly is consecrated in the country's 1999 constitution.

Even before the election took place, the United States and its allies had constantly tried to intervene in the internal affairs of Venezuela.

On July 17, U.S. President Donald Trump threatened Venezuela by stating, "If the Maduro regime imposes its Constituent Assembly on July 30, the United States will take strong and swift economic actions."

At a meeting of the Permanent Council of the Organization of American States, OAS, in Washington, 13 countries read a declaration calling on the Venezuelan government to abandon the election.

But due to the lack of sufficient support, the sponsors of the latest declaration, including OAS General Secretary General Luis Almagro, as well as the United States, Canada, Argentina, Brazil, Colombia and Mexico, declined to put it to a vote.

Caracas has repeatedly accused the OAS and Almagro of promoting destabilization and foreign intervention in the South American country. Venezuela had began the process of leaving the organization after constant attacks.

Following Sunday’s vote, the U.S. government imposed sanctions on Maduro, freezing all his assets subject to U.S. jurisdiction and barring U.S. citizens from doing business with him.

Maduro said the sanctions reflected Trump's "desperation" and "hatred" for Venezuela's socialist government.

"The emperor of the North threatened Venezuela. They put out something they call a sanction. I do not recognize it,” Maduro said in a speech to the newly-elected assembly members on Wednesday. “Nothing, nor anyone, nor any sanction can stop this Constituent Assembly power.”

Source:

US Says It Won’t Recognize Venezuela’s Constituent Assembly