Washington Hits Venezuela With Full Economic Embargo
President Donald Trump late Monday signed an executive order imposing a harsh, Cuba-style economic embargo on Venezuela as part of Washington’s broad push to force leader Nicolas Maduro out of power.
In a letter to Congress, Trump said the measure was necessary in light of Maduro’s “continued usurpation of power” and ongoing human rights abuses in the South American nation.
The new measures are expected to be announced Tuesday, as representatives from dozens of countries will be meeting in Peru to discuss the Venezuela crisis.
Washington has slapped more than 100 current and former Venezuelan officials with sanctions in recent years and has severely restricted Venezuelan oil and gold exports. But Monday’s measures put the country on par with Cuba, Iran, Syria and North Korea as being economically isolated by the United States.
Venezuela has called the sanctions “economic warfare” and blames the measures for its hyperinflation and food and medicine shortages. The United States and many independent observers, however, say it’s Venezuelan corruption and mismanagement that have gutted the economy.
Venezuelan officials have been warning for weeks that Washington was preparing to turn the screws. On Friday the Maduro regime went before the United Nations’ Security Council to denounce an alleged U.S. threat to “impose a naval blockade on Venezuela.” And on Monday, Maduro ally Diosdado Cabello said Trump was planning an embargo because “the Venezuelan people wouldn’t “submit to imperialism.”
The United States and more than 50 other nations recognize the head of Venezuela’s congress, Juan Guaido, as the country’s legitimate president. The deep economic, political and social crisis have forced more than 4 million people to flee in recent years — the largest migratory crisis in the Western Hemisphere.
©2019 Miami Herald
Visit Miami Herald at www.miamiherald.com
Distributed by Tribune Content Agency, LLC.
In The News
WASHINGTON - President Donald Trump on Monday pushed back at the widespread criticism of his now abandoned plan to host the upcoming G-7 summit at his Doral resort in South Florida. "You people, with this phony Emoluments Clause," the president said in rambling remarks before a... Read More
LONDON — Boris Johnson will make a fresh attempt to deliver on his pledge to take Britain out of the European Union on Oct. 31 as optimism grows that he now has enough support to get his deal through Parliament. Cabinet ministers made clear the prime... Read More
MIAMI — President Donald Trump changed his mind about hosting a summit of world leaders at his own resort in Doral after being “surprised at the level of push-back” to last week’s announcement, his acting chief of staff, Mick Mulvaney, said Sunday. Mulvaney, speaking during an... Read More
DAHUK, Iraq — As Turkish artillery battered her neighborhood, Haifa Ahmad gathered up her kids and fled last week from Qamishli, a mostly Kurdish city on Syria’s northern border with Turkey. Now, she, her four children — along with her sister and her two young ones... Read More
WASHINGTON — President Donald Trump intends to host next year’s Group of Seven conference at his Doral International Resort in Miami in June, the White House confirmed Thursday, a controversial decision certain to raise conflict-of-interest questions given the financial benefit to Trump’s business. Trump first floated... Read More
WASHINGTON — The International Monetary Fund on Tuesday downgraded its outlook for the world economy, predicting that growth in the developed world this year, stymied by trade conflicts, will be the weakest since the 2008 financial crisis. During a press conference Tuesday morning, IMF Chief Economist... Read More