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US prohibits dealings in new debt issued by Venezuela
Washington, Aug 26 (IANS) US President Donald Trump on Friday signed an executive order that bars dealings in new debt and equity issued by the Venezuelan government and that nation’s state oil company, PDVSA, the White House press secretary said in a statement.
The measure also “prohibits dealings in certain existing bonds owned by the Venezuelan public sector, as well as dividend payments to the government of Venezuela,” Sarah Huckabee Sanders was quoted by Efe news agency.
The move is the latest action by the United States aimed at heaping pressure on lefist Venezuelan President Nicolas Maduro’s administration, which the opposition and several foreign governments say has moved to consolidate a dictatorship.
“To mitigate harm to the American and Venezuelan people, the Treasury Department is issuing general licenses that allow for transactions that would otherwise be prohibited by the executive order,” the White House statement added.
It said those licenses would include “provisions allowing for a 30-day wind-down period; financing for most commercial trade, including the export and import of petroleum; transactions only involving Citgo; dealings in select existing Venezuelan debts; and the financing for humanitarian goods to Venezuela.”
“These measures are carefully calibrated to deny the Maduro dictatorship a critical source of financing to maintain its illegitimate rule, protect the United States financial system from complicity in Venezuela’s corruption and in the impoverishment of the Venezuelan people, and allow for humanitarian assistance,” the statement said.
Shortly before the announcement, US Vice President Mike Pence said the Trump administration would be taking forceful action against Maduro’s government.
The US and many of Venezuela’s regional neighbors have been harshly critical in recent months of Maduro’s push to create a National Constituent Assembly (ANC).
That plenipotentiary body, which was inaugurated early this month after a process boycotted by Maduro’s opponents, has taken over the functions of the unicameral legislature, the National Assembly, the only institution in the opposition’s control.
Maduro has touted the ANC as necessary to lift Venezuela, which had been racked by months of violent opposition-led protests, out of political deadlock and a deep economic crisis.
But Venezuela’s opposition, which has been stymied in its efforts to oust Maduro via a recall referendum, says it is merely a mechanism to increase the president’s stranglehold on power.
The US government has been referring to Maduro’s government as a “dictatorship” since the election of the ANC’s members on July 30.
“As @POTUS (Trump) said, we will not stand by as Venezuela crumbles. The birthright of the Venezuelan people has always been & will always be libertad,” Pence tweeted Friday, using the Spanish word for freedom.
The US had earlier imposed sanctions on Venezuelan officials, including Maduro, but thus far it has stopped short of directly targeting the country’s oil sector, the lifeblood of its economy.
–IANS
ahm/
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.
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