US imposes sanctions on Venezuela's gold mining company, chief

Supermarket employees holds up a pieces of cardboard with a handwritten messages demanding better salaries in Caracas Venezuela Wednesday March 20

The president said Trump was responsible for "the most criminal measure" against Venezuelan people in order to subsequently say that the U.S. authorities were ready to provide humanitarian assistance to the South American country.

The U.S. and dozens of other nations have recognized Guaido as Venezuela's rightful leader as Maduro insists he is the target of a U.S. -orchestrated coup.

The move is now the sixth round of sanctions imposed by the US against the Maduro regime since January, as Washington seeks to end the country's political, economic, and humanitarian crisis by removing them from power and instigating a democratic transition in the country led by opposition leader Juan Guaidó.

Juan Fernández told FOX Business' Trish Regan that Russia's state-owned oil company Rosneft is using companies with ties to the United States to get its product into Venezuela, in violation of US sanctions.

Commissioner Michelle Bachelet told the Human Rights Council of the United Nations on Wednesday that USA measures targeting Venezuela's state-run oil company could have repercussions on people's basic rights and wellbeing.

Venezuela's government rejected "the unsafe statements" of Trump and Bolsonaro. Pressure from Guaido and the USA derailed his administration's plans to ship more gold to buyers in the UAE last month.

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Maduro, a socialist who says he is the victim of an attempted US -led coup, retains the support of the armed forces and control of state functions. The US-backed politician also reportedly urged the Bank of England, which holds around $1.2 billion-worth of Venezuelan gold, not to transfer the reserves back to the Maduro government.

The U.S. and Guaido attributed recent nationwide blackouts on alleged graft and mismanagement under Maduro, who blamed what he said was U.S. -directed sabotage. "There are several companies doing business with Russian Federation that have operations and affiliates in the U.S". However, the US Department of State denied any involvement.

Her removal from the blacklist Tuesday, along with the wife of Gorrin's brother-in-law and business partner, Raul Perdomo, suggests the two women may be cooperating with US authorities trying to untangle the web of corruption that proliferated during two decades of socialist rule in Venezuela. More importantly, he has gained access to cash, which he's vowing to use to relieve a humanitarian crisis at home. Elliott Abrams, the Trump administration's special envoy to Venezuela, met with Russian Deputy Foreign Minister Sergei Ryabkov.

"According to officials, these sanctions are particularly aimed at China, Turkey, and Russian Federation, all of whom import Venezuelan gold at cut-down prices, as well as Maduro loyalists in the military who have stolen portions of the profits".

Speaking to Russian media, Ryabkov emphasized the need for dialogue with the USA but warned Washington against any military intervention.

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