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US announces sweeping sanctions against Venezuelan President Nicolas Maduro, state-owned oil company

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Fox News
January 29, 2019

The White House on Monday announced billions of dollars in new sanctions against disputed Venezuelan President Nicolas Maduro and the country’s state-owned oil monopoly PDVSA, less than a week after President Trump formally recognized Juan Guaido as Venezuela’s legitimate leader.

National Security Adviser John Bolton, meanwhile, warned that “all options are on the table” and that Venezuela would face a “significant response” if any harm came to U.S. diplomatic personnel, Guaido, or Venezuela’s opposition-led National Assembly.

Words on Bolton’s notepad that were visible during the briefing — “5,000 troops to Colombia” — were related to the situation in Venezuela, White House officials confirmed to Fox News. One idea being debated may include pre-positioning U.S. forces in Colombia in case they are needed in Venezuela.

The potentially devastating economic sanctions were aimed at increasing pressure on Maduro to cede power to the opposition. Venezuela is heavily reliant on the U.S. for its oil revenue, and sends 41 percent of its oil exports to the United States.

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This article was posted: Tuesday, January 29, 2019 at 8:28 am

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