Venezuela's Maduro lashes out at 'insolent' US sanctions

Image
AFP Caracas
Last Updated : Jul 27 2017 | 6:58 AM IST
Venezuelan President Nicolas Maduro has branded US sanctions leveled at his regime as "insolent," as pressure piled up on him abroad and at home over his controversial plan to elect a new body to rewrite the constitution.
The US measures came as Venezuela's opposition began a two-day nationwide strike aimed at ousting the president through early elections.
The deadliness of four months of violent anti-Maduro protests was further confirmed with the death of a 30-year-old man in a demonstration in the west of the country. That added to a death toll that has already surpassed 100.
In Washington, the US Treasury unveiled a list of 13 current and former officials, including the interior minister, senior military brass, the president of the electoral council, and the finance chief of state oil company PDVSA, whose US assets would be frozen.
The opposition and US moves are to force Maduro to give up his plan to have a 545-member "Constituent Assembly" elected on Sunday.
Critics say the body is a step towards a dictatorship, by bypassing or dissolving the opposition-held National Assembly.
Maduro called the US punishment "illegal, insolent and unprecedented."
"Who do these imperialists in the United States think they are? The government of the world?" he said in a speech.
But in his country, where there are widespread shortages of basic goods and soaring inflation, protesters are showing their discontent with Maduro's leadership.
"No more dictatorship!" read signs on road barricades in eastern Caracas.
Maduro accuses the US of fomenting the unrest against him and his government, with the help of the conservative opposition.
The Venezuelan military has declared its loyalty to him.
But some 70 percent of Venezuelans are opposed to the Constituent Assembly, according to polling firm Datanalisis.
The hardening political struggle has deepened fears that months of street violence could worsen.
The opposition has planned another major demonstration in the capital on Friday.
Thousands of Venezuelans loaded with heavy bags have crossed the border into Colombia this week, fleeing the unrest.
"The elections are on Sunday and we really don't know what will happen," said one, Maria de los Angeles Pichardo, who left with her husband and son. "To be safe, we prefer to cross."
Ordinary Venezuelans remaining in their country believe ousting Maduro is their only hope for survival.
"Every time we're worse off, with long lines and shortages. I think I'll strike for 48 hours," said one Caracas resident, Maria Auxiliadora.

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: Jul 27 2017 | 6:57 AM IST

Next Story