Venezuela’s Maduro decries sanctions on gold exports

08 December, 2018, 21:55 | Author: Sheila Harris
  • Altcoins Bitcoin International News

The United States and some European nations have sanctioned Maduro's administration in an attempt to pressure Venezuela into making a return to democratic ways.

Venezuela's President Nicolas Maduro, right, embraces Turkey's President Recep Tayyip Erdogan after a joint press conference at Miraflores presidential palace in Caracas, Venezuela, Monday, Dec. 3, 2018. "You cannot punish a whole people to resolve political disagreements", he explained.

Maduro has become increasingly isolated in the world under growing sanctions led by the USA and the European Union which accuse him of undermining democratic institutions to hold onto power, while overseeing an economic and political crisis worse than the Great Depression.

The uncertain economic situation in the country earlier was reflected in increasing trade with Latin America, including Argentina and Peru.

"There are solid ties in friendship and solidarity between our countries".

One of the agreements formalizes cooperation between the state-owned oil companies Petróleos de Venezuela S.A. (PDVSA) and the Turkish Petroleum International Company, in addition to an agreement to avoid double taxation and tax evasion.

Trade between the two countries has risen sixfold over...

Maduro said the two countries will build on the economic and diplomatic foundations.

James Comey set for closed-door interview with House Republicans
Comey resisted, arguing the GOP-led investigation in the decision-making by the FBI and the Justice Department in 2016 and 2017 was politically motivated.

"Whatever Venezuela produces, it has a right to sell in the world", Maduro said.

Erdogan and Maduro signed a series of agreements in the areas of mining, commerce and oil.

U.S. officials claim Maduro illegally exported 21 tonnes of gold to Turkey to avoid sanctions bd in an attempt to rescue a shabby economy that was once supported by its huge oil revenues.

In November, Washington imposed new restrictions against Venezuela targeting its gold exports.

Peskov also denied reports suggesting that, in lieu of oil or gold, Russia could require Venezuela to allow Russian military assets to deploy within its borders.

Both leaders are battling financial crises and have clashed with the United States in recent months.

Venezuela, which has been rocked by deadly protests and economic chaos, is counting on Russian support amid growing global isolation.

Venezuela, overwhelmed by hyperinflation, a severe shortage of commodities and a strong recession, has reportedly exported around $ 700 million worth of gold to Turkey.

Recommended:



Popular

John Kelly's White House Exit Seen as Certain; Ayers May Get Job
But the story line of Kelly's departure has been protracted for so many months that White House aides often now just shrug. Striking that balance in the turbulent times of Trump has bedeviled both Kelly and his predecessor, Reince Priebus.

Apple finally releases its first official case for iPhone XR
It was a rather unusual move from Apple as it always tries to loot from consumers by selling overpriced accessories. The icon is used to display the charging status of the Smart Battery Case within the battery widget.

President Reportedly Will Name Milley As Joint Chiefs of Staff Chairman
President Trump announced Saturday morning that he will tap Gen Mark Milley (above) to be his next top military adviser. Milley who holds degrees from Princeton University and Columbia University, is known to be liked by Trump.

Trump to name former Fox anchor Heather Nauert as next UN ambassador
She never traveled with and was not close to her first boss at the department, former Secretary of State Rex Tillerson. He said USA influence is at a "low ebb", partly because of the absence of empowered ambassadors under Trump .

Kendrick Lamar leads the 2019 Grammy Awards nominations
The Carters did get nominations for Best Urban Contemporary Album, Best R&B Performance and Best Music Video. He didn't run away with the crown, though, as Drake was right behind him with seven nominations of his own.

Watch SpaceX Launch Supplies to the ISS Astronauts
The cause of the rocket's spin, according to Musk , was a stalling out of one of the rocket's " grid fin hydraulic pump". The first stage engines were expected to shut down prior to stage separation two minutes and 23 seconds after liftoff.

Milwaukee Bucks trading Matthew Dellavedova back to Cleveland Cavaliers
Hill was traded to Cleveland from the Utah Jazz at last year's trade deadline. The Cleveland Cavaliers continue to be proactive in their rebuild.

Man City not rattled by Liverpool pursuit, says Klopp
It was a normal situation which can happen - sometimes a striker expects a tackle and tries to avoid it by jumping. We don't want passion and emotion diluted".

New Zealand beat Pakistan in third Test to win series
Nicholls took a sharp single to complete his third Test hundred and finished with 12 hits to the ropes during his 266-ball knock. Henry Nicholls was twice lucky to remain unbeaten on 20 off 54 deliveries at lunch on the fourth day in Abu Dhabi.

Phillies Trade for All-Star Shortstop Segura
They'd probably be better off prioritizing Bryce Harper or Manny Machado , as offense was a big issue for the team last season. Crawford since the potential always seemed to be there, the addition of Segura would clearly be an upgrade at the position.