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Venezuela Slams Pence for Calls to Suspend Country's OAS Membership
10 May 2018, 12:19 | Marta Robbins
Nicolás Maduro received sharp criticism from the United States
In his speech at the OAS, Pence also called for restricting Venezuelan leadership's access to financial instruments on the territories of OAS member states, introducing visa restrictions against "Venezuela's corrupt leaders" and for holding Venezuelan President Nicolas Maduro "accountable for destroying Venezuela's democracy".
Mr Maduro, the U.S. vice president said in a speech to the Organisation of American States, "promised people he would restore prosperity but delivered only deep poverty".
Those sanctioned Monday are in addition to the dozens of current and former Venezuelan officials the USA already has targeted.
The U.S. joins the European Union in calling on Venezuela to postpone the May 20 election until there are better assurances that it will be a free and fair democratic contest.
"We believe it is time to do more, much more", Pence said in an address to the OAS in Washington.
In response, Moncada said that "there is no possibility of the elections being suspended", a timetable has been successfully fulfilled according to statements made by the directors of the National Electoral Council (CNE).
"The so-called elections in Venezuela scheduled for May 20 will be nothing more than a fraud and a sham", Mr Pence said.
OFAC further designated 20 companies, 16 based in Venezuela and four in Panama, that were owned or controlled by the three men and allegedly used to launder illicit proceeds from narcotics trafficking and extortion.
Maduro, himself subject to sanctions previous year, regularly laughs off Washington's disapproval and blames the U.S.
Before his departure in February, former Secretary of State Rex Tillerson indicated that the Trump administration was considering blocking all sales of Venezuelan oil, a move that might present the final blow to both Maduro and the country's economy.
On Monday, US Vice President Mike Penceurged members of the 35-nation Organisation of American States to suspend Venezuela.
Oil prices rose to their highest levels since late 2014 on Monday, boosted by fresh troubles for Venezuelan state oil company PDVSA [PDVSA.UL] and a looming decision on whether the United States will reimpose sanctions on Iran over its nuclear programme. It is the third-largest source of USA imported oil.
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The Bengaluru FC captain is the poster boy of Indian football and he has inspired tons of kids of take up the sport. Away, we have really struggled. "I hope that we keep using all the global windows available in the year".