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Barack Obama issued a presidential order on 9 March 2015 declaring Venezuela a "threat to [U.S.] national security", and ordered the Treasury Department to freeze property and assets of seven Venezuelan officials [15] [16] it held responsible for human rights abuses, repression and at least 43 deaths during demonstrations.
U.S. National Security Advisor John R. Bolton said the sanction was "aimed at restricting U.S. transactions with the bank and cutting off the bank's access to U.S. currency", as a warning to Russia and others. [60] United States Secretary of the Treasury Steven Mnuchin stated that the sanction was to prevent the Central Bank "from being used as ...
Maduro and his aides have always rejected sanctions by the U.S. and others, saying they are illegitimate measures that amount to an "economic war" designed to cripple Venezuela.
However, he failed to bring the United States into the League and the US did not join the 1935 League sanctions against Italy. [4] Trends in whether the United States has unilaterally or multilaterally imposed sanctions have changed over time. [5] During the Cold War, the United States led unilateral sanctions against Cuba, China, and North ...
The sanctions target 21 individuals, including 15 leaders of the Bolivarian National Guard, Bolivarian National Police, the… US issues new sanctions on Maduro allies in Venezuela over fraudulent ...
The sales are the latest sign of the growing dependence of Venezuela's cash-strapped government on Russia as the United States tightens a financial noose around Maduro, who it describes as a dictator.
In August 2017 President of the United States Donald Trump imposed sanctions on Venezuela [307] which banned transactions involving Venezuela's state debt including debt restructuring. The technical default period ended 13 November 2017 and Venezuela did not pay coupons on its dollar eurobonds, causing a cross-default on other dollar bonds.
The U.S. official insisted the sanctions were an important step in an effort to pressure Maduro to "make better decisions" on Venezuela's political situation before the presidential inauguration ...