Trump Issues Executive Order Banning Venezuela Petro Transactions
20 March, 2018, 04:43 | Author: Kristen Ingram
Trump issued an order on Monday prohibiting US citizens from engaging in transactions using the oil-backed currency, called the Petro. The prohibition applies to all people and companies subject to US jurisdiction. Treasury Secretary Steven Mnuchin said at a news conference following the announcement that the order was, as expected, meant to restrict the Venezuelan government's access to capital. On Feb. 20, Maduro said the newly launched oil-backed petro cryptocurrency raised $735 million in the first day of a pre-sale.
Venezuela has been suffering from economic mismanagement and sanctions for some time, resulting in widespread poverty and, in some cases, food riots in the country.
"The Vice President will call on all members to increase pressure on the Maduro regime to restore the country's democracy and address the humanitarian crisis unfolding in Venezuela", Pence's spokeswoman, Alyssa Farah, said Monday in a statement.
Hardly a surprise - when Venezuela launched their official national cryptocurrency the "petro" last month, they openly admitted their goal was to use it to bypass worldwide sanctions.
"In Venezuela we hold 13 audits before the elections, and that's evidence of the transparency of our Venezuelan electoral system".
President Donald Trump took a step further in cutting off Venezuela's government from American investors.
The U.S. Treasury also unveiled sanctions on four Venezuelan officials accused of corruption, adding to the more than 50 officials from the country that have been blacklisted by Washington in recent years on a host of charges including graft and human-rights violations.
The South American country has been hit hard by hyperinflation and a shortage of cash.
Reports had revealed just a few days ago that the USA government was planning to impose this ban and that it would go into effect as early as Monday.
Even without those sanctions in place, who would lend money to a government that manages an economy in free fall and with no ability or willingness to make the necessary fixes?
Sen. Marco Rubio (R., Fla.) applauded Monday's action against Venezuela.
Ben Nelson, the U.S Democratic Senator from Florida, spoke up this week saying that Maduro was using a "rouge" digital token to evade US sanctions.
Senators from both political parties in the USA have raised concerns about this.
Venezuela and its citizens within the cryptocurrency space remain strongly divided on the subject.
Kennedy relayed analysis and strategy in-game to get Davis going and comfortable attacking North Carolina. Texas A&M will face MI in the Sweet 16 at the West Regional Semifinal at the Staples Center on Thursday.
The Mamata Banerjee-led Trinamool Congress, which is in power in West Bengal, has also joined the brigade. Both parties have been lobbying with opposition parties for support to their respective notices.
They also explained that Google Play Instant removes some of the friction involved in convincing people to download games. Google reports the number of Android users who have installed a game has more than doubled during the previous year .
A huge season in Minnesota and the Vikings making a deep playoff run would do wonders for his stock in free agency next year. If he signs, he would become Minnesota's fourth starter at three-technique defensive tackle in the past four seasons.
On Wednesday, her office said she was hospitalized after falling and suffering a concussion at her home in Washington , D.C. She was such a tireless advocate and great public servant for our community and region throughout her tenure in Congress.
The weather service is forecasting total accumulations of 5 to 8 inches of snow - with up to 11 inches possible in areas. The current forecast calls 4-6 inches across most of Northern Virginia, with 3-4 inches in Fredericksburg.
The Russian statement said the government could take further measures if Britain takes any more "unfriendly" moves toward Russia . The source of the nerve agent - which Britain says is Soviet-made Novichok - is unclear, as is the way it was administered.
While Lewis had his moments in the sun with New England, Butler became a full-fledged star after his Super Bowl XLIX pick. In an interview with the Boston Herald's Jeff Howe published Wednesday, Butler absolved Belichick of his error .
McIlroy ends 18-month PGA win drought with Palmer title
Instead of throwing his cap to the turf, McIlroy, with the crowd going wild, lifted his arms and punched the air in jubilation. After Sunday's round, though, the Northern Irishman was right back in the conversation about who will win next month's U.S.
Suu Kyi 'unwell', scraps Australia public speech
Despite facing widespread worldwide condemnation, Suu Kyi was welcomed to Parliament House in Canberra today by a 19-gun salute. The military is in charge of operations involving the Rohingya and ending them is not up to Suu Kyi.
Security Council Press Statement on Kabul Process
As a follow up to Kabul process, I have extended an official invitation to Pakistani Prime Minister to visit Afghanistan. Health ministry spokesman Wahid Majrooh told AFP at least four people had been wounded.
Top diplomats from US, South Korea meet
"We are a country that is militarily non-aligned and have a longstanding presence in North Korea ", he said. Before meeting Lofven, the North Korean foreign minister met Swedish Foreign Minister Margot Wallstrom.
Instant analysis of Colts' trade with Jets in 2018 NFL Draft
Earlier this week the Jets agreed to re-sign Josh McCown and also signed Teddy Bridgewater after losing out on Kirk Cousins . Now it appears as though either Rosen, Darnold or Allen will be the final addition to the Jets' quarterback room for 2018.
Warriors' Kevin Durant to miss 2 weeks for rib injury
Yet the faces down are glaring: NBA Finals MVP Kevin Durant , two-time MVP Stephen Curry and his Splash Brother, Klay Thompson . He also had seven assists and seven rebounds. "We're not coming in here just to compete".