Tag Archives: sanctions

U.S. Sanctions Russian Bank for Supporting Venezuela's PDVSA

U.S. Sanctions Russian Bank for Supporting Venezuela's PDVSAEvrofinance Mosnarbank was placed on the U.S. sanctions list on Monday, according to a Treasury Department notice, for supporting Venezuela’s state-owned oil company PDVSA. “This action demonstrates that the United States will take action against foreign financial institutions that sustain the illegitimate Maduro regime and contribute to the economic collapse and humanitarian crisis plaguing the people of Venezuela,” Treasury Secretary Steven Mnuchin said in a statement.



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Hezbollah calls on supporters to donate as sanctions pressure bites

Hezbollah calls on supporters to donate as sanctions pressure bitesLebanon’s Hezbollah on Friday called on its supporters to donate money as it comes under increasing pressure from Western sanctions intended to isolate it financially. The United States deems all parts of Hezbollah a terrorist organization and has been steadily increasing financial sanctions against the Iran-backed movement. “I announce today that the resistance is in need of its (popular base),” Hezbollah Sayyed Hassan Nasrallah said, adding that donations were needed to support the group’s activities.



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Trump's Venezuela envoy vows sanctions on banks backing Maduro

Trump's Venezuela envoy vows sanctions on banks backing Maduro“There will be more sanctions on financial institutions that are carrying out the orders of the Maduro regime,” the envoy, Elliott Abrams, told a U.S. Senate subcommittee hearing. The United States and more than 50 other countries have recognized opposition leader Juan Guaido as oil-rich Venezuela’s interim president and increased pressure on Maduro, a socialist, to step down. Washington this week revoked the visas of senior Venezuelan officials and said on Wednesday it had identified efforts by Maduro to work with foreign banks to move and hide money.



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Venezuela's Guaido urges more sanctions after German envoy's expulsion

Venezuela's Guaido urges more sanctions after German envoy's expulsionVenezuela’s opposition leader Juan Guaido urged Europe to tighten financial sanctions against the government of Nicolas Maduro after it expelled Germany’s ambassador. Russia and China, meanwhile, continue to support Socialist Maduro and urge no outside interference. Caracas declaring ambassador Daniel Kriener persona non grata “represents a threat against Germany,” Guaido was quoted on Thursday as telling Der Spiegel.



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Lebanon's Hezbollah appeals for donations to combat sanctions

Lebanon's Hezbollah appeals for donations to combat sanctionsLebanon’s Hezbollah movement on Friday called for donations from its popular base because it says it is coming under financial pressure as a result of Western sanctions. Hezbollah leader Hassan Nasrallah’s appeal came after Britain announced on February 25 that it would seek to make membership of the Shiite movement or inviting support for it a crime. It also follows the United States ramping up sanctions against the group, with its latest raft of measures in November targeting Nasrallah’s son Jawad, among other individuals.



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Venezuela arrests American journalist as U.S. pledges wider sanctions

Venezuela arrests American journalist as U.S. pledges wider sanctionsIn the latest crackdown on a challenge to his rule by opposition leader Juan Guaido, Maduro also expelled the German ambassador, accusing him of repeated meddling in the country’s affairs. On Monday, Ambassador Daniel Kriener and diplomats from other embassies had welcomed Guaido home at the Caracas airport. The United States slapped sanctions on Venezuela’s vital oil industry in January to try to cut off government revenue and force Maduro out, and pledged further action on Wednesday.



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Iran's Khamenei doubted Europe could help Tehran against U.S. sanctions

Iran's Khamenei doubted Europe could help Tehran against U.S. sanctionsA closed-door speech last year by Iran’s Supreme Leader voicing doubt about the Iranian government’s diplomatic overtures to Europe was released on Monday in a sign of feuding over foreign policy that led to a short-lived resignation by the foreign minister. The address by Ayatollah Ali Khamenei in mid-2018 appeared to forecast difficulties European countries would have in honoring pledges to protect trade with Iran from new U.S. sanctions after Washington abandoned a 2015 nuclear deal between Tehran and world powers.



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Washington cranks up Venezuela sanctions as Guaido tours South America

Washington cranks up Venezuela sanctions as Guaido tours South AmericaVenezuelan military officials last weekend blocked an opposition-backed effort to bring food into the country via its borders with Colombia and Brazil, leaving two aid trucks in flames and five people dead. Guaido, who is recognized by most Western nations as Venezuela’s rightful leader, visited Paraguay and Argentina on Friday to shore up Latin American support for a transition government for the crisis-stricken nation. Following a meeting with Argentine President Mauricio Macri in Buenos Aires, Guaido said, without providing evidence, that 80 percent of Venezuela’s military nonetheless supported a change in leadership and that he would continue to seek the support of officers.



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U.S. increases pressure on Maduro with new sanctions, revokes visas of associates

U.S. increases pressure on Maduro with new sanctions, revokes visas of associatesThe U.S. Treasury said the six current or former security officials controlled groups that blocked humanitarian aid from reaching people in Venezuela last weekend from neighboring countries Colombia and Brazil. “We are sanctioning members of Maduro’s security forces in response to the reprehensible violence, tragic deaths, and unconscionable torching of food and medicine destined for sick and starving Venezuelans,” U.S. Treasury Secretary Steven Mnuchin said. The United States “will continue to target Maduro loyalists prolonging the suffering of the victims of this man-made humanitarian crisis,” Mnuchin added.



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US slaps new sanctions on Venezuela regime as Russia ups support

US slaps new sanctions on Venezuela regime as Russia ups supportThe United States and Russia clashed Friday over how to assist crisis-wracked Venezuela, with Moscow pledging new relief channeled through President Nicolas Maduro and Washington slapping sanctions over the blocking of US aid it tried to push through the border. A day after Russia and China vetoed a US and European resolution at the UN Security Council that called for unimpeded aid deliveries, Washington said it was targeting six Venezuelan military officers for stopping last weekend’s US-led convoy. Four people were killed in the melee as Maduro’s forces prevented the 178 metric tonnes of rice, beans and other food from crossing into the country from Colombia.



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