13.4 C
New York
Friday, May 20, 2022

EU to impose sanctions on 11 Venezuelan officials

EU to impose sanctions on 11 Venezuelan officials© Reuters. Venezuela’s President Nicolas Maduro arrives to a military parade to celebrate the 197th anniversary of the Battle of Carabobo, next to his wife Cilia Flores, in Campo de Carabobo

LUXEMBOURG (Reuters) – The European Union will impose economic sanctions on 11 Venezuelan officials in protest at President Nicolas Maduro’s re-election, which the bloc said was not free or fair, EU diplomats said.

The travel bans and asset freezes, first reported by Reuters in May, will be in addition to seven senior Venezuela officials the bloc sanctioned in January. They do not target Maduro directly as the EU seeks to pressure those around him first.

The EU, Venezuela’s third-largest trading partner after the United States and China, is seeking to isolate Caracas and to help end what it sees as an authoritarian regime that is ruining the economy, provoking food shortages.

The European Union imposed an arms embargo on Venezuela in November.

EU foreign ministers are also expected to issue a statement later on Monday again condemning the May election.

Venezuela’s mainstream opposition boycotted the vote because two of its most popular leaders were barred, authorities banned several political parties, and the election board is run by Maduro loyalists.

The United States imposed sanctions on four Venezuelans and three Florida-based companies in May.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,298FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles