U.S. Levels Sanctions On Venezuela

Follow CBSMIAMI.COM: Facebook | Twitter

WASHINGTON (CBSMiami) – For the first time, the U.S. has imposed economic sanctions on Venezuela.

On Friday, the Trump administration banned trades of Venezuela’s debt. The ban prohibits Americans or U.S. financial institutions from buying bonds to prop up President Nicolas Maduro’s government or the state run oil company.

The sanctions come after months of unrest in the South American country which has left more than 130 people dead.

Barring Venezuela’s debt purchases could cripple the Maduro government’s ability to pay off interest on its growing national debt.

Comments

One Comment

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Miami

CBS4 New Home For Florida Lottery
Pro Football Challenge
Pro Football Knockout Pool

Watch & Listen LIVE