Sat. Apr 20th, 2019

Venezuela will take legal avenues against US sanctions to the oil industry

Venezuela will take legal avenues against US sanctions to the oil industry

The Government of Nicolás Maduro announced that it will take the corresponding legal channels to respond to the sanctions imposed by the United States against 34 freighters dedicated to the transport of oil from Venezuela to Cuba, and described as "unacceptable" the measure that also considers "cynical" and " criminal".

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In a statement released Friday on Twitter by the Minister of Foreign Affairs, Jorge Arreaza, the Government of Maduro rejects "categorically" the measure and "warns that it will respond by the corresponding legal channels before the most recent pretensions of the nefarious Administration of (Donald) ) Trump. "

"It is paradoxical that in a member country of the World Trade Organization, which calls itself a defender of liberal principles, violates the most basic economic and commercial rights, intending to harm, not only the peoples of Venezuela and Cuba, but companies and trade associations that should enjoy international legal protection, "he added.

The sanctions against Venezuelan freighters that also affect the companies Ballito Shipping Incorporated, based in Liberia, and ProPer In Management Incorporated, based in Greece, were announced through a statement by the US Treasury Department.

In the text, Treasury Secretary Steven Mnuchin said that "Cuba has been a force in the bottom feeding Venezuela's descent into the crisis." The Treasury is taking action against ships and entities that transport oil and offer vital assistance to maintain the illegitimate regime of Maduro. "

He remarked that "Cuba continues to take advantage, and supporting the regime through oil mechanisms in exchange for (aid for) repression to keep Maduro in power."

The sanctions involve the freezing of financial assets that may have under US jurisdiction and prohibits the conduct of financial transactions with them.

At a subsequent event in Houston, US Vice President Mike Pence said his country will continue to exercise "all the economic and diplomatic pressure" against Maduro's government and insisted that "all options are on the table. .

Pence was in the company of the representatives of the head of Parliament, Juan Guaidó, who in January proclaimed himself president in charge of Venezuela after denouncing Maduro as "usurper".

Since then, Guaidó has won recognition from 54 countries, most of them from Latin America and Europe.

USA It has also adopted several actions to pressure Maduro, such as the revocation of visas and sanctions against the state company PDVSA, the main source of foreign currency for Caracas.

Venezuela is experiencing an acute economic and political crisis, with a deep contraction of the GDP and in the middle of a hyperinflationary spiral, which has caused the shortage of numerous basic products and the exit of the country of at least 2 million people.


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