US warns of 'serious consequences' after Venezuela moves against Guaido

US warns of 'serious consequences' after Venezuela moves against Guaido

US warns of 'serious consequences' after Venezuela moves against Guaido

The Trump administration had long held off targeting Venezuela's oil sector for fear that it would hurt U.S. refiners and raise oil prices for Americans.

National Security Adviser John Bolton said today that Maduro and his allies could "no longer loot the assets of the Venezuelan people".

The US has imposed sanctions on Venezuela's state-owned oil firm PDVSA and urged the country's military to accept a peaceful transfer of power.

All oil tankers leaving Venezuelan ports would have to pay for crude before departing, he said.

Guaido is offering amnesty to soldiers who back democracy and reject the current Maduro government.

The measures against state-owned PDVSA were presented as a way of preventing the leftist strongman from looting the coffers in his economically ruined country before he is replaced by the man Washington says is the rightful interim president - opposition leader Juan Guaido.

Guaido, who argues that Maduro usurped the presidency on taking office for a second six-year term on January 10 following a May 2018 election considered fraudulent by the opposition, has said he is prepared to receive $20 million in humanitarian aid pledged by the United States.

Inside Venezuela, Maduro holds the reins with the armed forces still loyal to him despite an opposition push to gain their support by proposing amnesty for anybody who supports Guaido's transitional government.

Guaido said on Monday that the United States maneuver would stop Maduro from emptying the "coffers" if he is removed from office. Paramacay in Carabobo state, Venezuela, Sunday, Jan. 27.

Asked to explain the words, the White House said in an email that: "As the President has said, all options are on the table". Elected president Nicolás Maduro, meanwhile, remains in power.

Russian Foreign Minister Sergei Lavrov said the sanctions completely undermined confidence in an worldwide financial system that is dominated by the U.S.

Venezuela has sunk into economic and political turmoil under Maduro's socialist government, with inflation seen rising to 10 million percent this year.

The Kremlin has now warned these sanctions on amounted to illegal and open interference in the Latin American country's domestic affairs.

Tuesday's new appointees to countries like the United States and to the regional Lima Group bloc include longtime opposition leaders like Julio Borges, at least some of whom had already left the country to avoid possible arrest.

"While the general belief is that Canadian heavy barrels should benefit with the demise of Venezuela, the notional degree of market share up for grabs for Canada is not as large as for competing countries", they said.

Maduro has accused the United States and Guaido of attempting to engineer a coup d'etat.

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