Wall Street bank bans some Venezuelan bonds and Trump sanctions 8 more Venezuelan leaders tied to Maduro
Related: Trump sanctions 8 more Venezuelan leaders
Venezuelan President Nicolas Maduro organized the vote, which most nations called a foregone conclusion. It allowed him to replace the opposition-held National Assembly with an entirely new legislature filled with Maduro supporters.
Wall Street bank is starting to turn a cold shoulder on Venezuela amid the nation’s political crisis.
Looming debt crisis threatens Venezuela govt
The autocratic government of President Nicolás Maduro is sharply intensifying its crackdown on dissent, issuing arrest warrants for rebellious mayors, targeting unfriendly politicians and menacing average citizens who speak their minds. Yet if it’s enemies of the state Maduro is after, one threat looms larger than any other.
That would be the flatlining Venezuelan economy.
This South American nation is edging toward the economic brink after an internationally condemned election last month created an all-powerful congress loyal to Maduro. Since the July 30 vote, the value of the local currency, the bolívar, has fluctuated more wildly than ever, a significant feat for a country saddled with the world’s highest inflation rate. As a result, street prices for staples such as bread and tomatoes have doubled in less than two weeks.
The White House has denied a request from #Venezuela’s #Maduro to speak on the phone
President Trump on Friday refused to rule out a U.S. military intervention in Venezuela, where civil strife has turned violent.
“I’m not going to rule out a military option,” he told reporters at his New Jersey golf club.
“Venezuela is not very far away, and the people are suffering and they’re dying,” he said. “We have many options for Venezuela, including a possibile military option if necessary.”
Trump declined to say whether American troops would lead a possible military effort in Venezuela, saying: “We don’t talk about it.”
“But a military operation, a military option is certainly something that we could pursue,” he said.
Tensions in Venezuela have boiled over in recent months, with widespread protests against the increasingly autocratic government of President Nicolas Maduro.
Trump threatens Venezuela with unspecified ‘military option