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John Bolton: Time to take action against Venezuelan President

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Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com
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US national security adviser John Bolton on Tuesday 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 sanctions on anyone, 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.

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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: Spanish oil company Repsol slashes the sales in Venezuela for the second time

US President Donald Trump on Monday signed an executive on order freezing all assets owned by the Venezuelan government in the United States and forbidding any dealings with it in a surprise move that could affect its dealings with Russia and China as well as Western companies.

Trump took the action after several rounds of sanctions failed to topple or force the military to oust Venezuelan President.

Bolton, one of Trump’s most hardliners on Venezuela, warned Maduro’s ally Russia to bet on a “losing cause” and urged China to recognize opposition leader Juan Guaido as the country’s legitimate leader if the country  wants to restore debt to the Caracas government.

Bolton said the US government would work to secure funding for Maduro, warning that the new government in Venezuela might not want to abide by agreements with countries that helped Maduro cling to power.

Read also: Venezuelan president launches massive military exercise with one million troops

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