U.S. to Reinforce Economic Pressure on Venezuela, Mnuchin Says

(Bloomberg) — The U.S. will reinforce economic pressure on the government of Venezuela’s President Nicolas Maduro in the effort to isolate his government over abuse and corruption, U.S. Treasury Secretary Steven Mnuchin said in a statement.

“Every year that Maduro’s destructive policies are in place, Venezuela is losing more of its people, more of its economic capacity, and more of its institutional integrity – making the ability of Venezuela to recover economically from this disaster increasingly difficult and costly,” Mnuchin said Friday.

“The United States and its partners stand ready to support the Venezuelan people in their struggle to return to safety, stability, and prosperity,” he said.

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