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Pompeo hopes India won't buy oil from Venezuela's Maduro govt

Press Trust of India  |  Washington 

US of State Mike on Monday hoped that will not be the "economic lifeline" to the "authoritarian" regime of Venezuelan by purchasing from the Latin American country.

Pompep's comments came as ramps up actions on Maduro's regime, which is battling to hold onto power in the face of heavy domestic and international pressure.

is the third largest supplier of to which is the world's third-biggest consumer.

The issue was discussed in a meeting with the visiting Indian Vijay Gokhale, told reporters at a conference here, without providing insight into it.

"We are asking the same thing of as we are of every country: Do not be the economic lifeline for the Maduro regime. So we talked about (Venezuela) I certainly won't characterise the conversations; they're private conversations," said in response to a question.

"In the same way that India has been incredibly supportive of our efforts in Iran, I'm confident that they too understand the real threat to the Venezuelan people. We had a good conversation around that," Pompeo said.

The Latin American country's and state-run oil company told reporters in Greater Noida in last month that his sanctions-hit country wants to sell more to India.

The US has slapped sweeping sanctions on with a view to curb Venezuela's crude exports and put pressure on socialist Maduro to step down.

produces around 1.57 million barrels of oil per day, half of what it produced two decades back.

With the US stopping imports from Venezuela, is seeking to retain buyers in other big consuming such as and India.

At the conference, Pompeo said the nations that support Venezuelan President are, by the nature of this "illegitimate" regime, carrying out the very foreign interventionism of which they accuse others.

"Today, the is drawing a clear line between those who aid the forces of repression and those who give life to the Venezuelan people's democratic dreams. There is no ambiguity here about the truth," he said.

Similar kind of warning to other nations was issued by US

"The will not stand idly by while foreign financial institutions facilitate illegitimate transactions that benefit Maduro and his cronies, and perpetuate the corruption that has devastated Venezuela," he said.

Earlier in the day, the Treasury sanctioned a Russia-based attempting to circumvent US sanctions on Venezuela's company It sanctioned Evrofinance Mosnarbank, a Moscow-based jointly owned by and Venezuela, for being involved in facilitating illegitimate transactions that prolong Maduro's usurpation of democracy, it said.

"The illegitimate Maduro regime has profited off of the suffering of the Venezuelan people," said

"This action demonstrates that the will take action against foreign financial institutions that sustain the illegitimate Maduro regime and contribute to the economic collapse and humanitarian crisis plaguing the people of Venezuela," he said.

In another tweet, Bolton asked international banks not to have relationship with the maduro regime.

"Bankers: Do not help Maduro and his accomplices steal the assets of the Venezuelan people. The United States is watching. The world is watching. The Venezuelan people are watching," he said.

Maduro is facing a challenge from opposition who declared himself in January.

The US views Guaido as Venezuela's legitimate and has imposed sanctions on the country's besides taking other actions targeting top government officials.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 12 2019. 14:10 IST
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