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18 Jul 2017

Trump threatens Venezuela with economic actions

President united State, Donald Trump
US President Donald Trump threatened Venezuela with swift “economic actions” on Monday if its leader pushes on with an unpopular bid to change his country’s constitution amid mounting condemnation.

The warning came as Venezuela’s opposition coalition called a nationwide strike for Thursday to kick off a “final offensive” aimed at forcing President Nicolas Maduro from office through early elections.

Maduro, Trump said in a statement, was “a bad leader who dreams of becoming a dictator”.

“The United States will not stand by as Venezuela crumbles,” he said.

Trump did not specify what measures could be taken. But the warning dramatically raised the stakes and scope of the long political and economic crisis that has been battering Venezuela.

Nearly 100 people have died since April, when street protests against Maduro turned violent.

Trump’s stance explicitly sided with Venezuela’s opposition, which accuses Maduro of trying to accumulate dictatorial powers to hang on to the reins.

It risked fueling Maduro’s frequent allegations that he was the victim of a plot by a colluding right-wing opposition and the “imperialist” United States.

There was no immediate reaction from the Venezuelan president.

Separately, Colombian President Juan Manuel Santos was in Cuba – a close ally of Venezuela – on Monday for meetings with President Raul Castro.

Colombian Foreign Minister Maria Angela Holguin said the Venezuelan crisis was discussed, but she denied reports that Santos traveled to convince Castro to act as a mediator.

– Nationwide strike –

Venezuela’s opposition coalition has called a nationwide, 24-hour strike for Thursday to add pressure to Maduro following an unofficial weekend vote it held that rejected the leader’s plan.

That plan, which Maduro has shown no sign of deviating from, entails a citizens’ body — called a “Constituent Assembly” — being elected on July 30 to redo the constitution.

Maduro says that path is the only way to secure peace and economic recovery in Venezuela. His government has dismissed the opposition vote against it as illegal.

But Trump said that, “if the Maduro regime imposes its Constituent Assembly on July 30, the United States will take strong and swift economic actions.”

Venezuela, with the largest proven oil reserves in the world, is almost entirely reliant on its crude exports.

The United States imports around 270 million barrels of oil a year from Venezuela, according to the US government’s Energy Information Administration — a volume in decline by about a third compared to a decade ago.

- AFP

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