EU extends sanctions against Venezuela

The European Union on Tuesday extended sanctions against Venezuela by a year to keep up pressure on President Nicolas Maduro's government as the oil-rich country lurches deeper into crisis.

An embargo on arms and equipment that can be used for political repression was extended to November 14 next year, along with asset freezes and travel bans on 18 senior members of the Maduro regime blamed for rights abuses.

The European move comes less than a week after Washington slapped tough new sanctions on Venezuela targeting particularly the gold sector and denounced Caracas as being part of a "troika of tyranny" with Cuba and Nicaragua.

The European Council, which groups the 28 member states, said the decision to extend the sanctions was taken "in view of the continuing deterioration of the situation in Venezuela".

"These measures are intended to help encourage democratic shared solutions in order to bring political stability to the country and allow it to address the pressing needs of the population," the council said in a statement.

"These targeted measures are flexible and reversible and designed not to harm the Venezuelan population."