Featured Politics News World News

U.S. imposes sanctions on Venezuela state-run mining company

By Kunle SHONUGA

The United States on Tuesday imposed sanctions against Venezuela’s state-run mining company Minerven and its president.

It deliberately imposed the sanction on Adrian Perdomo, in a bid to further cut off funding to the government of Venezuelan President Nicolas Maduro.

The announcement came days after Uganda said it was investigating its biggest gold refinery for importing Venezuelan gold.

Washington has warned gold traders not to deal in Venezuelan gold or oil.

“The illegitimate Maduro regime is pillaging the wealth of Venezuela while imperiling indigenous people by encroaching on protected areas and causing deforestation and habitat loss,” U.S. Treasury Secretary Steven Mnuchin said.

Venezuela’s opposition leader Juan Guaido said Maduro’s re-election was not legitimate, has sought to prevent the gold sales, arguing that Maduro used the proceeds to try to stay solvent.

Maduro is under intense pressure to step down, with Venezuela in a deep economic crisis and the government facing widespread international condemnation for an election in 2018 that has been seen as fraudulent.

Most Western countries have backed Guaido as Venezuela’s head of state. ======Reuters

 

Related posts

Shortage of pathologists in Nigeria threat to incidence of tumour, cancer – College

Editor

Coronavirus: GTBank Offers Free Services On Money Transfers

Our Reporter

US should not bring China to her knees — Envoy

By Meletus EZE

Why we take over donated electricity equipment — ANED

Abisola THOMPSON

Flying Eagles beat Burundi to lead Under-20 AFCON’s Group A

Editor

NCS destroys smuggled poultry products in Lagos

By Shile GIWA