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12 Agosto 2017, 02:26 | Crisanna Felipe
US Imposes Penalties Against 8 More People Over Venezuela Crisis
For months, massive protests against the government of President Nicolás Maduro have paralyzed city streets as Maduro has cracked down on dissent, leading the U.S.to impose sanctions.
In the memo, the bank cited "recent developments and the political climate" in the country for the ban.
The Supreme Court handed down a 15-month jail sentence to David Smolansky as USA slaps Caracas with fresh sanctions.
The senators said sanctions on shipments of Venezuelan oil to the United States could also increase the likelihood of a disorderly default by Venezuela, given the oil business is its main source of revenue.
"In addition to being an invalidly constituted body, since it was not convened by the people, and whose election is suspected of fraud, the constituent assembly doesn't have the right to appropriate the seat of the National Assembly".
The National Constituent Assembly (ANC) - a body of 545 representatives of different localities, and social movements, labor groups, and indigenous communities which is now the highest legal power in Venezuela - was sworn in on August 4 at a ceremony attended by thousands of jubilant Chavistas who support the Bolivarian revolutionary government.
Donald Trump has said he is considering a military option over the crisis in Venezuela, punctuating a belligerent week that began with his threat to rain "fire and fury" on North Korea.
The prohibited securities are government debt due in 2036, as well as 6 percent coupon bonds issued by Petroleos de Venezuela, or PDVSA, due in 2022.
WATCH Inside Story: Venezuela: New beginnings or more of the same?
"If the United States took the decision to suspend purchases from Venezuela, the Maduro regime would have serious financial problems", he said. The U.N.'s human rights commissioner warned of in a report issued Tuesday of "widespread and systematic use" of excessive force, arbitrary detention and other rights violations against demonstrators and detainees in Venezuela.
The opposition coalition, a grouping of around 30 disparate parties called the Democratic Unity Roundtable, has been struggling with how to keep pressure on Maduro, whom it wants to see ousted through early elections.
Kuczynski said his primary concern with Venezuela was the regional fallout as thousands of Venezuelans flee the country's grinding poverty and hyperinflation every day and seek refuge in neighbouring countries.
Cardinal Jorge Urosa Savino of Caracas expressed Tuesday his "astonishment and rejection" of a series of measures that violate the "will of the sovereign people" in Venezuela.
The leftist Brazilian leader, who was ousted past year in what many considered to be a right-wing parliamentary coup, also expressed support for Venezuelan President Nicolas Maduro and efforts to promote dialogue with the opposition. Most Latin American countries say they won't recognize Maduro's new legislature.
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