The US has reimposed economic sanctions against a Venezuelan state-owned mining company and says it could go on to reimpose further sanctions on the country’s oil and gas sector after Venezuela’s Supreme Court barred main opposition candidate Maria Corina Machado from running for president last week.
The US Treasury on Monday revoked General License 43, which had authorized dealings with mining conglomerate CVG-Minerven. The Treasury said US companies have until February 13 to wind down transactions that were previously authorized by that license.
While US economic sanctions against the mining company are unlikely to cause significant damage to the Venezuelan economy, the US State Department has crucially signaled it intends to renew oil and gas sanctions from April 18, if there’s no progress between Venezuela’s authoritarian president Nicolas Maduro and the opposition “particularly on allowing all presidential candidates to compete in this year’s elections,” it said in a statement.
Many believe that your so called help for the poor makes things worse for the poor in the long run. You don’t have to agree with their position, but you need to accept that they are reasonable people looking at facts and coming up with a different interpretation.
That’s supposed to be a reasonable argument worth entertaining? By that logic, trump violated the Constitution to protect! Do we have to accept that as a reasonable position too, even if we don’t agree?