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 by Darryl Coote Washington (UPI) Jan 31, 2019
The United States warned traders against dealing in Venezuelan commodities following sanctions having been placed on the South American country. On Wednesday, U.S. national security advisor John Bolton warned bankers, brokers, traders, facilitators and businesses in a tweet to not do business in Venezuelan gold or oil, which he said is "being stolen from the Venezuelan people" by the "mafia" of President Nicolas Maduro. "We stand ready to continue to take action," he said. Bolton then tweeted later Wednesday a photo of himself in a meeting with executives of Citgo. He said they were working "to make sure that the economic benefits of Venezuela's resources are not pilfered by Maduro and his cronies." Citgo is a U.S.-based refiner, which is owned by Venezuela's state-owned oil company Petroleos de Venezuela, also known as PDVSA. The warning follows Monday's announcement of sanctions against PDVSA, a move to coerce Maduro to hand over the country's leadership to National Assembly leader Juan Guaido, who was announced as interim president in mid-January. Maduro has been steadfast against relinquishing power, having said that Venezuela is "the victim of a U.S. conspiracy." Later Wednesday, President Donald Trump said he spoke with Guaido to congratulate him on his "historic assumption" of the presidency and to reinforce U.S. support in his leadership. "Spoke with Venezuelan Interim President Juan Guaido to congratulate him on his historic assumption of the presidency and reinforced strong United States support for Venezuela's fight to regain its democracy," the president said in a tweet.
EU's Iran payments vehicle ready - but stuck Brussels (AFP) Jan 28, 2019 A payment mechanism the EU hopes will save the Iran nuclear deal by bypassing US sanctions is ready, diplomats said Monday, but is held up by disagreements among European countries. The "Special Purpose Vehicle" is being put together by Germany, France and Britain, the European signatories to the 2015 accord that curbed Tehran's nuclear ambitions in return for sanctions reilef. The entity, to be based in France with German governance and finance from all three countries, will allow Iran to recei ... read more
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