Venezuela, Cuba slam 'worst aggression in 200 yrs' US sanctions on Caracas

Image
ANI Havana [Cuba
Last Updated : Aug 26 2017 | 10:42 PM IST

Venezuelan Foreign Minister Jorge Arreaza on Saturday blasted Washington's new sanctions, saying "today's financial sanctions are the worst aggression towards Venezuela in the last 200 years."

Cuba supported Venezuela and outrightly rejected new economic and financial sanctions imposed by U.S. President Donald Trump on Venezuela amid heightened tensions between Caracas and Washington.

The U.S. is trying to promote a humanitarian crisis in Venezuela, Arreaza said, adding: "We will protect our people and our democracy with all means we have."

Caracas has blasted Washington's new sanctions against Venezuela, following the latest round of restrictions that the Trump administration imposed on the oil-rich country, targeting its energy sector.

Havana condemns these new "unilateral and arbitrary" measures against Venezuela, Xinhua quoted deputy foreign minister Abelardo Moreno as saying.

"Cuba rejects these unjust and illegal sanctions which violate international law against Venezuela and the government led by President Nicolas Maduro," said the statement.The statement, published on the foreign ministry website, added that it's "imperative" to defend the declaration of Latin America and the Caribbean as a peace zone signed by all heads of state of the region in 2014.

"Our continent can't forget its own history, we must defend the principles and commitment of that declaration," added the statement.

On Friday, the Trump administration issued an order prohibiting Americans from dealings in new debt and equity issued by the Venezuelan government and by its state oil company, PDVSA.

The White House said that the measures "are carefully calibrated to deny the Maduro dictatorship a critical source of financing to maintain its illegitimate rule."

"We don't agree with anything that Maduro is doing," US Ambassador to the UN, Nikki Haley, said on Friday, calling Venezuela's recently elected Constituent Assembly a "sham.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 26 2017 | 10:42 PM IST

Next Story