Trump punishes Maduro government with financial sanctions

Venezuela Will Hold Referendum on New Constitution

Yields on Venezuela's benchmark 2038 sovereign bond and those of state-run oil company PDVSA's benchmark 2037 bond rose modestly after the announcement of the latest round of US sanctions.

Arreaza asks whether Americans "want to starve the Venezuelan people".

Friday's financial bans are the fifth round of USA sanctions to hit Venezuela since the start of the year.

U.S. President Donald Trump has signed an executive order imposing new financial sanctions on Venezuela, said White House in a statement released on Friday.

They also restrict the Venezuelan oil giant's USA subsidiary, Citgo, from sending dividends back to Venezuela and ban trading in two bonds the government recently issued to circumvent its increasing isolation from Western financial markets.

Parallel to the sanctions, the Treasury Department has issued licenses to certain transactions "to mitigate the damage to the American and Venezuelan people" and the trade of crude oil is one of them.

It added that it would also "protect the U.S financial system from complicity in Venezuela's corruption". He called relations with the US the worst in history.

Palestinians need Trump two-state pledge before peace
Kushner is expected to visit Israel Wednesday, where the delegation will meet with Israeli Prime Minister Benjamin Netanyahu . They'll head later to the United Arab Emirates, Jordan, Egypt , Israel and the West Bank .

Chelsea Beat Spurs At Wembley
Just not for Tottenham, which relocated to Wembley while a new venue is built at its long-standing White Hart Lane home. Mauricio Pochettino says Tottenham's temporary Wembley home was not a factor in Sunday's 2-1 defeat to Chelsea .

Chelsea inflict Wembley misery on Tottenham Hotsour as Marcos Alonso fires double
Chelsea scored when Alonso guided a free-kick into the top corner of Lloris's goal , a strike which came against the run of play. A Marcos Alonso double was enough to mean Michy Batshuayi's own goal in the 82nd minute mattered for little in the end.

The order is Washington's biggest sanctions blow to date against Mr Maduro and is meant to punish his leftist government for what Mr Trump has called an erosion of democracy in the oil-rich country, already reeling from an economic crisis.

"The regime's decision to create an illegitimate Constituent Assembly - and most recently to have that body usurp the powers of the democratically elected National Assembly - represents a fundamental break in Venezuela's legitimate constitutional order".

President Donald Trump sanctioned Venezuela on Friday after a democractic and humanitarian crisis developed in the nation under President Nicolas Maduro, seen here August 22.

But sanctions didn't include shutting down secondary market trading for existing Venezuelan bonds, a measure that Trump administration considered in recent days, The Wall Street Journal reported on Wednesday. The executive order also allows debt financing for exports of food, medicine and other humanitarian goods.

"We will invest in obligations of PDVSA because, like many in the area of asset management, we believe that the situation in the country will improve in the long term", she explained then.

McMaster said Friday that Vice President Mike Pence's trip through South America was successful.

Related news:

Hot News

isis-killer-beheading-video-story-top Police respond to Buckingham Palace area due to alleged assault
Aug 26, 2017 - 01:03
A large number of police vehicles could be seen in the Mall, the wide road outside the palace, after the incident. London-based German, Kristin Tewes, simply asked: "Does anyone know what's happening at Buckingham Palace?"

isis-killer-beheading-video-story-top Ram Rahim guilty of rape, sentencing on Monday
Aug 26, 2017 - 01:01
Maharaj added that if the situation worsens, it should not be the state but the court that is held responsible for more violence. A curfew has been imposed in Patiala, Panchkula, Sirsa, Bhatinda, Ferozpur, Sirsa and Mansa, according to The Quint .

isis-killer-beheading-video-story-top On Taylor Swift's New Single, She Sheds Her Old Skin. What's Left?
Aug 26, 2017 - 00:59
While fans don't seem to be happy with Swift's new song, many of her fellow celebrties came out to praise Swift's single. She continues, " Don't like your tilted stage ".

isis-killer-beheading-video-story-top Cohn Says Trump To Launch Major Push On Tax Reform Next Week
Aug 26, 2017 - 00:59
But I also feel compelled to voice my distress over the events of the last two weeks. He said he would not be bullied by hate groups into quitting.

isis-killer-beheading-video-story-top Tigers get hammered at home again by Yankees
Aug 25, 2017 - 00:39
It's beyond crowded in the American League wild-card race, with eight teams bunched up like flowers in an overflowing vase. Severino struck out eight over six-and-two-thirds innings of one-run ball to improve to 11-and-5.

isis-killer-beheading-video-story-top What time is the $700 million Powerball numbers drawing Wednesday?
Aug 24, 2017 - 00:11
Chopin says even though no one from the Bayou State has won the jackpot, we've seen some winners of smaller Powerball prizes here. The Powerball payout has swollen to a whopping $ 700 million jackpot, gifting whoever wins with a net worth equal to Bono's.

isis-killer-beheading-video-story-top Skyrim, Doom and Fallout 4 get VR release dates
Aug 24, 2017 - 00:06
Virtual reality hardware is readily available these days, but top-quality AAA games are still few and far between. Fallout 4 VR will run $60, but there's no word on whether it'll have the same expansion packs as the non-VR one.

Dollar index steady; Jackson Hole meeting in focus
Aug 23, 2017 - 00:24
Fujitsu rose 0.6 percent on a Nikkei report that the company is looking to sell its mobile phone business amid stiff competition. Investors looked ahead to Thursday's annual Jackson Hole gathering of central bankers and economists.

isis-killer-beheading-video-story-top TN to probe Jayalalithaa's death
Aug 22, 2017 - 00:19
Both Palaniswami and Panneerselvam reached AIADMK headquarters in Chennai today, shook hands marking the merger of both camps. The party split after Panneerselvam opposed the elevation of VK Sasikala as legislature party leader earlier this year.

isis-killer-beheading-video-story-top Trump has made decision on Afghanistan strategy: Mattis
Aug 21, 2017 - 06:19
Speaking in Amman, Mattis said he will not talk about the policy until it is officially disclosed by the White House. Joseph Dunford, Vice President Mike Pence, CIA Director Mike Pompeo, and United Nations Ambassador Nikki Haley.

isis-killer-beheading-video-story-top Syria's Assad rejects security cooperation with the West
Aug 21, 2017 - 06:14
The fair is hosting firms from 23 countries that have maintained diplomatic relations with Damascus throughout the conflict. Assad said that hardly a week passes without an attack in the West, referring to assaults carried out by IS supporters.

Xbox One X 'Project Scorpio' Edition Available to Pre-Order Now
Aug 21, 2017 - 06:13
Information about pricing and availability will likely be revealed by Microsoft during its Gamescom event in Germany today . In the box is a creeper themed controller , but there is an optional pig theme controller for purchase separately.

isis-killer-beheading-video-story-top Bihar flood situation worsens Toll rises to 202
Aug 21, 2017 - 06:09
After more than 100 deaths in Bihar due to floods this month, the NDRF teams had intensified their rescue operations in the state. The state flood forecasting and warning centre said some 30% of the country has been inundated, the worst flooding for a decade.

isis-killer-beheading-video-story-top Wallabies v All Blacks: Everything you need to know
Aug 21, 2017 - 06:09
Debutant Curtis Rona went over for his first test try, before substitute Tevita Kuridrani added a second five minutes later. WALLABIES coach Michael Cheika remains adamant that assistant Nathan Grey is the right man to lead his side's defence.

isis-killer-beheading-video-story-top Legendary Comedian Jerry Lewis Has Passed Away
Aug 21, 2017 - 05:43
Writer-actor Marlon Wayans, Will & Grace's Sean Hayes and stand-up comedian Dane Cook referred to Lewis as a hero and mentor. Lewis was unique in that he used his stardom not only to accumulate fame and fortune but also to accumulate power.