U.S. sanctions against Venezuela won't work, warns Beijing - RT Business

Nicolas Maduro

"No military actions are anticipated in the near future", said National Security Advisor HR McMaster on Friday.

US President Donald Trump has ordered sweeping new sanctions on Venezuela.

Authorities have shut down two radio stations that aired critical coverage of President Nicolas Maduro's government by refusing to renew their licenses, a broadcast executive announced, as the country staged military exercises in defiance of Washington and new USA sanctions.

The opposition's statement comes fresh off the heels of the latest round of economic sanctions imposed on Venezuela by the US government.

"Nobody can use economic and financial measures to impose their political will over a country", he said.

Venezuela's Foreign Minister Jorge Arreaza, however, described the sanctions as threats, and called on the United Nations to denounce them.

If necessary the government would find new markets for the roughly 700,000 barrels of oil it sends daily to the USA, he said.

The sanctions prohibit negotiations on new debt and capital issued by Venezuela and the state-owned oil company, PDVSA.


Maduro says the U.S. is seeking to stifle oil exports through sanctions and a "naval blockade" on the Latin American country. But even with this being the case, the U.S.is still dealing with oil exports from the country.

While Trump's administration is aiming to pressure Maduro, the new sanctions do not prohibit investors from buying the bonds that Goldman Sachs Asset Management purchased earlier this year.

A senior administration official in Washington told reporters that the United States was trying "to create a series of escalatory measures that we can take".

Venezuelan President Nicolas Maduro has slammed the major damage caused to Venezuela over recent months of opposition violence, comparing the right-wing protesters to the white supremacists in the United States who organised violent and deadly protests in Charlottesville, Virginia, on August 12. They are expected to make it hard for the government of President Nicolas Maduro to restructure its debt payments and are likely to aggravate the shortages of some foods and other products for Venezuelan consumers.

"They would bolster his discourse that Venezuela is the target of an economic war", said Smilde.

Maduro's critics accuse him of coopting the military with top cabinet posts, as well as hijacking state institutions, such as by installing a new constituent assembly packed with loyalists.

Diplomatic tensions increased last month when a legislative superbody called the Constituent Assembly was elected at Maduro's behest. Venezuela risks a default on ballooning debt. They ban trading in two bonds the government recently issued to circumvent its increasing isolation from Western financial markets.

Related News:

  • WWE Banned Beach Balls From Last Night's SmackDown

    Natalya eventually blind-tagged a distracted Carmella , who was hit with a Beck-sploder suplex and Naomi's split-legged moonsault. Natalya just won the SmackDown Women's Championship from Naomi , so Naomi might have a little more aggression than normal.
    Falwell Jr.: Trump 'Does Not Have a Racist Bone in His Body'

    Falwell Jr.: Trump 'Does Not Have a Racist Bone in His Body'

    Trump noted Falwell's comments through a tweet , urging the "Fake News" to listen to what the university president had to say. Falwell Jr. was charged with the unpleasant task of justifying Trump's tone-deaf response to the Charlottesville protests.
    Broncos Insider: Time to name a starting QB?

    Broncos Insider: Time to name a starting QB?

    In two preseason games, the third-year quarterback is completing 78 percent of his passes with a touchdown and zero picks. Lynch posted a 74.2 passer rating while Siemian registered a 118.5 rating.
  • Disaster start for Aussies in Bangladesh test

    Disaster start for Aussies in Bangladesh test

    But he maintains the match is still in the balance and has confidence that Australia can turn their fortunes around on day two. I want to win in India, that's big on my bucket list.
    Haryana, Punjab burning following Dera Baba's conviction, 25 plus dead

    Haryana, Punjab burning following Dera Baba's conviction, 25 plus dead

    Capt Amarinder, however, expressed grief at the death of seven people from Punjab in Panchkula's violence. All intelligence inputs received by the Punjab police had been shared with Haryana, he added.
    Study reveals link between vitamin B supplementation and lung cancer

    Study reveals link between vitamin B supplementation and lung cancer

    You also don't have to worry if you regularly eat foods high in vitamin B , like chickpeas, clams, tuna, salmon, or red meat. We were unable to address whether lung cancer patients had improved or worsened prognosis if they took these supplements.
  • Sindhu storms into final, Saina settles for bronze

    Sindhu storms into final, Saina settles for bronze

    For Okuhara, the Saina match was a strenuous one and it will be interesting to see how well her body has recovered. This has been India's best World Championship so far with two podium finishes for the first time in history.
    Apple's next self-driving phase is an employee shuttle

    Apple's next self-driving phase is an employee shuttle

    Executive Steve Zadesky, originally in charge of Titan, preferred to build a semi-autonomous vehicle, much as Tesla has now. Apple is still "playing catch-up" with its self-driving auto technology, one person who's seen the tech says.
    Xbox One X Project Scorpio Edition is Already Sold Out

    Xbox One X Project Scorpio Edition is Already Sold Out

    Even if they bought the subscription service for online multiplayer, you wouldn't be able to play together. The Xbox One X will be great when paired with a 4K TV, but most of the gamers will probably not own one.
  • Tillerson to Gorka: You're Completely Wrong, Lack Understanding

    Tillerson to Gorka: You're Completely Wrong, Lack Understanding

    As a strong voice in the White House, Gorka and his family have been maligned and smeared through various media outlets. But a White House official implied Friday he was sacked .

    Cheika rules out wholesale changes to Wallabies line-up

    Wallabies coach Michael Cheika believed poor decision making by the Wallabies at the death cost them the game. Genia reclaimed the lead in the 66th with a try that put the Wallabies ahead 22-21.
    Walmart in deal with Google to offer voice-activated shopping

    Walmart in deal with Google to offer voice-activated shopping

    Just this Monday, Wal-Mart announced an expansion of their partnership with Uber to deliver groceries in Dallas and Orlando. Delivery times generally range from same-day to three days, depending on your location and availability.


Most liked

San Francisco mayor praises residents, police in wake of peaceful protests Saturday
Members of the group hid their faces behind bandanas and masks while chanting and confronting right-wing protesters. CNN affiliate KRON reported at least one arrest of a man who claimed he was detained because he was wearing a mask.

Lebanese army announces cease-fire with Daesh on border
The Lebanese army has been battling ISIL fighters in their last border foothold, near the town of Ras Baalbek. The two sides say they have driven the militants from most of the border region.

How to install Android 8.0 Oreo Pixel Launcher 2.1 without rooting device
According to Forbes , Android 8.0 Oreo has a lot to offer in terms of battery life and mobile device security. Morpia-certified printers are among the 97% of the printers sold worldwide.

Ronda Rousey is Getting Married During the Mayweather vs. McGregor fight
While White did say he got an invite to Rousey's nuptials, he's obviously got another key event on his calendar Saturday night. He added that although Rousey is very happy to finally Wednesday , she has not announced any retirement plans yet.

Mourinho refuses to take credit for United's super subs
Mourinho refused to take credit for the substitutions that changed the game, preferring to deflect the spotlight onto his players. So I think it will look like last year but this year the Red Devils will be on top".

Hurricane Harvey Disrupting Cruise Vacations Out of Texas Ports
Passengers aboard the Carnival Freedom told CNN they were anxious about their vehicles, which were left at Galveston's port. Two of them were temporarily diverted to New Orleans on Friday and the third has stayed in Cozumel, Mexico, the firm said.

Children Dead After Saudi-led Airstrike hits Yemen capital Sanaa
The poor country has been also struck by a cholera outbreak, which has killed so far more than 2,000 people. Saudi's military coalition was blamed for the bombing by its enemy, the Iran-backed Houthi movement.

Maduro Shuffles PDVSA Management, Oil Minister
The statement also accuses Maduro of "mismanagement and rampant plundering of his nation's assets". She also said that his region is still "violently" suppressing Venezuelans' freedom of speech.

GCSE results: Record grades for Education Links
Notably, a significant 92 pupils achieved all A* and A grades, with 33 individual pupils securing 10 or more A* grades. The teachers who have worked so hard and their parents who support them so well will be delighted and proud too".

Most Americans say Trump's behavior 'not what I expect from a president'
For some comparison, in the same survey, 5% of voters said prejudice against minority groups was "not a problem at all" in the US. A majority of United States voters say President Donald Trump is doing more to divide the country than unite it.

How to tell if you damaged your eyes during solar eclipse
If you damaged your eyes, you'll likely experience symptoms like altered vision today, but the odds are in your favor. If you looked at the sun during the eclipse with your naked eye, you might suffer from some of these conditions.

Lamborghini unveils Snapdragon 820-powered $2450 smartphone
The dual-SIM (Nano+Nano) smartphone features a fingerprint sensor on the back and houses a 3250mAh battery with QuickCharge 3.0. The $2,450 Alpha-One may seem costly but it's less than half the cost of Lamborghini's earlier 88 Tauri smartphone.

Taylor Swift's new album, 'Reputation,' is coming in November omg
Over the previous several days, Taylor has mysteriously wiped out her social media and posted a video of a slithering snake. In the aftermath of the announcement, fans and commenters haven't ceased speculating about what the new album might bring.

Samsung is creating a smart speaker after all
It's a major win for Bixby, as the assistant has suffered from multiple delays and a lack of integrations lately. It didn't take long before another report said that Samsung might not be making a smart speaker after all .

Watch Video Of India-china Clash At Ladakh
The Army chief's visit came five days after Chinese troops clashed with the Indian Army personnel near Pangong Lake on August 15. The standoff began after Indian troops moved to stop a PLA road construction in the region mid-June.