Wednesday, July 8, 2020

After Venezuela sanctions, Maduro halts trip to negotiate with opposition

Featured

Brazil President Bolsonaro tested positive for coronavirus

Brazilian newspaper "Atardi" confirmed that Brazilian President Jair Bolsonaro underwent a fourth test for Coronavirus after he showed some...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on...

Trump attends a graduation ceremony for officers, amid disputes with the Pentagon

US President Donald Trump is taking part in a ceremony to hand over certificates at the prestigious West Point...
Adil Ghaffar
Adil Ghaffar
Experienced Chief Executive Officer with a demonstrated history of working in the financial services' industry. Skilled in Negotiation, Business Planning, Microsoft Word, Accounting, and Team Building. Strong business development professional with an ACA focused in Accounting and Finance from institute of chartered accountants of Pakistan. Contact: [email protected]

After Venezuela sanctions, the President Nicolas Maduro has stopped talks with the opposition for the time being. Maduro said Wednesday the trip of a negotiating delegation to the Caribbean island of Barbados, where on Thursday and Friday talks were planned with opposition representatives. Reason is the “heavy and brutal aggression” of the Trump government against Venezuela, it said in a government statement.

US President Donald Trump had the entire assets of the Venezuelan government in the United States frozen on Monday. Caracas condemned the procedure as “economic terrorism”.

The government in Washington is one of Maduro’s harshest critics and has backed opposition leader Juan Guaido in the power struggle in Venezuela. When President Guaido himself declared himself Transitional President in January, the United States was one of the first countries to recognize him. US President from time and again urged for more action besides Venezuela sanctions.

Maduro and Guaido have fought bitterly for months for power. Representatives of government and opposition had begun in recent weeks, mediated by Norway’s talks in Barbados, to seek a way out of the conflict.

Earlier, the US national security adviser John Bolton called for tougher international action against Venezuelan President Nicolas Maduro after Washington froze his government’s assets by stepping up pressure on the leftist leader.

John Bolton said at a summit on Venezuela in Lima, capital of Peru, the US authorities could impose more Venezuela sanctions, including foreigners who support Maduro’s government.

“We are sending a signal to any third party who wants to engage in business with the Maduro system: be very careful,” he said.

Bolton called for tougher international action against Maduro, who accused him of demonstrating in negotiations with the opposition to gain more time.

“Time for dialogue is over, it is time to take action, now Maduro has no options,” Bolton said, warning Russia against further support for Venezuela.

Read also: Venezuelan army declares Maduro’s support against US military intervention

Adil Ghaffar
Adil Ghaffar
Experienced Chief Executive Officer with a demonstrated history of working in the financial services' industry. Skilled in Negotiation, Business Planning, Microsoft Word, Accounting, and Team Building. Strong business development professional with an ACA focused in Accounting and Finance from institute of chartered accountants of Pakistan. Contact: [email protected]

Latest News

Brazil President Bolsonaro tested positive for coronavirus

Brazilian newspaper "Atardi" confirmed that Brazilian President Jair Bolsonaro underwent a fourth test for Coronavirus after he showed some...

PIA flight from Toronto to Islamabad will operate on 5 July 2020

PIA flight from Toronto to Islamabad will operate on 5 July 2020. Another PIA flight will operate from Toronto to Lahore on 10 July...

Sacrificing role models of media

Remember Anil Datta, a gem of a reporter and guru of a sub-editor with the exemplary national spirit, foregoing job offers from the foreign...

Banks performance under SBP Rozgar Refinance Scheme supported by Government of Pakistan’s Risk Sharing Facility

On April 10, 2020 State Bank of Pakistan introduced a refinance scheme to provide concessional credit at 3% interest rate and generous repayment terms...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on the measures proposed by Naya...

Related News