Sentences with phrase «delma maduro»

The ban complicates the Maduro government's efforts to boost its foreign reserves through a digital token.

Instead of correcting course to avoid further catastrophe, the Maduro regime is attempting to circumvent sanctions through the Petro digital currency — a ploy that Venezuela's democratically - elected National Assembly has denounced and Treasury has cautioned U.S. persons to avoid,» Mnuchin said in a statement.

If Maduro's plans pan out, the fund raise will indeed attract a much higher figure than the initial $ 735 million.

The United States, which in July said would take «strong and swift economic actions» if President Nicolas Maduro goes ahead with the Constituent Assembly, could also further sanction senior Venezuelan officials after acting against 13 prominent figures last week.

Vice President Mike Pence will pressure Maduro's government in a speech Wednesday to a session of the Organization of American States, his office said.

Maduro has said that he hopes the Petro will help the country skirt Western sanctions, though the U.S. Treasury has warned that it won't be that easy.

Following on the sale of the Petro, Maduro has said that he plans to launch a cryptocurrency backed by gold next week, Reuters reports.

«The Vice President will call on all members to increase pressure on the Maduro regime to restore the country's democracy and address the humanitarian crisis unfolding in Venezuela,» Pence's spokeswoman, Alyssa Farah, said Monday in a statement.

In his meeting with his international counterparts, Mnuchin said, «we discussed how to achieve our shared objectives of restoring Venezuelan democracy, combating the kleptocracy of the Maduro regime, and responding to the humanitarian crisis caused by Maduro's economic policy.»

The Treasury Department warned investors in January to steer clear of the digital currency, calling it «another attempt to prop up the Maduro regime, while further looting the resources of the Venezuelan people.»

Maduro created the currency to try to salvage his country's failing economy, where inflation is estimated to spiral to 13,000 percent this year.

That would be a potentially crippling blow to the Maduro government, which depends almost exclusively on crude sales to sustain what's left of the economy.

Countries including the U.S. have imposed sanctions on Venezuela, with the U.S., at least, dubbing Maduro a «dictator.»

Despite the U.S. Treasury Department warning investors away from it, Venezuela President Nicolas Maduro says the launch of his country's oil - backed answer to Bitcoin, Petro, raised $ 735 million in its first day.

The U.S. could sanction its already distressed oil sector if President Nicolas Maduro proceeds with an election in May.

Holders of Venezuelan bonds are meeting with each other and considering forming committees, advisers and fund managers told Reuters, as questions mount about the feasibility of President Nicolas Maduro's proposal to restructure $ 60 billion of debt.

Maduro has said the country will keep servicing its obligations for now.

That lack of flexibility is likely if anything to lead to still tougher sanctions by the administration of U.S. President Donald Trump, who has described Maduro as a «bad leader who dreams of becoming a dictator.»

The move comes at a time when Maduro's socialist government is in the midst of a crackdown on domestic freedoms and Caracas» financial transactions have been hamstrung by Western sanctions.

Venezuela's President Nicolas Maduro speaks during a meeting with members of the Constituent Assembly in Caracas, Venezuela August 2, 2017.

«The goal is to change the conduct, the character of the Venezuelan government under Maduro.

His quick acceptance of the results eased tensions in the volatile nation where the latest presidential election, in 2013, narrowly won by Maduro, was bitterly disputed and where anti-government protests last year led to 43 deaths.

Coffman, however, believes the threat was the wrong move, saying that it «feeds into the propaganda machine of Maduro.»

Maduro's approval ratings have tumbled amid the crisis to 28 percent, near the lowest in 16 years of socialist rule, and while there's no sign the sometimes violent street protests that overwhelmed the country a year ago will return anytime soon, polls indicate that the opposition will coast to victory in legislative elections expected to take place by year end.

The Colorado Republican said passage of his bill is time sensitive given the actions taken by the Maduro regime and the suffering within the country, which he warns could become the next Cuban - style dictatorship.

«There's obviously the threat [of sanctions] against others, but... it's surprising, to me at least, how few people have broken with Maduro,» he said during the AS / COA event.

Maduro's government has had success sidelining the country's political opposition, circumventing the opposition - controlled legislature, securing electoral victories with the help of fraud and dirty tricks, and working to block main opposition parties from future elections.

The United States has imposed sanctions on senior members of Maduro's government and PDVSA.

Maduro, 53, quickly acknowledged the defeat, the worst for the ruling «Chavismo» movement since its founder Hugo Chavez took power in 1999.

Maduro, who debuted the song over the weekend on his show, «Los Domingos con Maduro,» did not specify who made his version, referring only to «a group of creators.»

Many of the governments in the region have condemned the vote and have refused to recognize it, calling on President Nicolas Maduro not to convene the assembly.

Despite a years - long political and economic deterioration and months of violence, Maduro has maintained about 20 % support among Venezuelans, but his constituent assembly has been rejected by an overwhelming majority of the country and drawn international rebuke.

Rep. Mike Coffman, R - Colo., introduced the Protecting Against Tyranny and Responsible Imports Act, or the PATRIA Act, that would target Venezuelan President Nicolas Maduro after he stripped the country's democratically elected national assembly of its power and authority.

Maduro's approval has also hovered around 20 % over the past two years, which is not high, but is noteworthy in light of the turmoil in Venezuela over that time.

Reuters reported earlier this month that Maduro had granted extra powers to Quevedo to «create, annul or modify» deals involving state energy company PDVSA and its subsidiaries.

Trump has sanctioned dozens of Venezuelan officials, including government ministers and military officers, since he took office — including the vice president, who was accused of involvement in international drug trafficking, and President Nicolas Maduro himself, whom the Trump administration has labeled a «dictator.»

Most of the region voiced support for the July 16 referendum convened by the opposition against the assembly, and the EU and the US have suggested they could level sanctions on the Maduro government should the July 30 vote go ahead.

The candidate from her party running in Buenos Aires — the country's biggest province — has demurred when asked about the situation in the Venezuela, saying that he did not know «in detail» what was going on there, later stressing the differences between the tenures of Chavez and Maduro and calling for dialogue with a third party, such as the Pope.

Glum government supporters followed Maduro's lead in accepting the results in Venezuela on Sunday.

Despite criticisms of the ban and how it could hurt affected Venezuelans, Coffman believes the ban would be much preferred to the continued growth of the Maduro regime.

But the administration's actions, along with individual sanctions, appear to have had mixed effects, and there are now signs that deepening them in an effort to isolate Maduro or boost his opposition could backfire.

Meanwhile, Maduro is running for another six - year term in a general election next month.

Nicolas Maduro said on Twitter that Venezuela's petro token raised more than 4.777 billion Chinese yuan, or $ 735 million.

Venezuela's oil - backed «petro» cryptocurrency raised $ 735 million in the first day of its pre-sale Tuesday, President Nicolas Maduro has claimed.

A move to directly target Venezuela's oil industry would be a huge blow to Maduro's socialist administration, which is depending almost entirely on crude sales to try and decelerate a deepening economic crisis.

President Donald Trump is reportedly considering sanctioning Venezuela's crude industry in a bid to ratchet up pressure on Venezuelan President Nicolas Maduro, Reuters reported Thursday, citing an unnamed U.S. official.

In response, Maduro has moved to circumvent the nation's democratic institutions and give himself sweeping new powers — though not, apparently, the power of self - control.

«Our country has released our first official crypto in the history of the world,» Maduro said in a nationally televised event.

Venezuela's President Nicolas Maduro (C) delivers a speach next to Vice-President Tarek El Aissami (L) next to Venezuela's Minister of Science, Technology and University Education Hugbel Roa (R) during a press conference to launch to the market a new oil - backed cryptocurrency called «Petro», at the Miraflores Presidential Palace in Caracas, on February 20.

During a televised address on Friday, Venezuelan President Nicolas Maduro, apparently believing the cameras were off, casually removed an empanada from his desk and took a hearty bite.