Venezuela rejects new US sanctions and demands to suspend elections

May 10, 2018
Issue 
A pro-government supporter holds a sign that reads, "Trump, get out! Respect Venezuela," at a rally in Caracas, Venezuela, on August 14, 2017.

A new round of United States sanctions against Venezuela, this time directed against three individuals and their businesses, was rebuffed on May 7 by Samuel Moncada, the Bolivarian Republic鈥檚 Vice Minister for Foreign Relations.

They are the latest in a long series of US sanctions directed against Venezuela, including harsh barring dealings in state oil company PDVSA and Venezuelan sovereign debt

Responding to US Vice President Mike Pence鈥檚 announcement regarding the measures and his call for other nations in the region to isolate Venezuela, Moncada said: 鈥淲e don鈥檛 accept the United States as court of justice nor as any kind of authority. We are a free country.鈥

These newest sanctions were announced by Pence during a May 7 speech before the Organisation of American States (OAS), in which he called Venezuela鈥檚 upcoming May 20 elections a 鈥渟ham鈥 and reiterated US demands for the vote to be cancelled.

In response to Pence鈥檚 call to suspend the upcoming elections, Moncada replied 鈥淭here is zero possibility that the elections will be called off.鈥 He added that the current US government was 鈥渢he most racist and intolerant one in recent decades,鈥 and that 鈥渋t has been threatening the whole region.鈥

At the OAS meeting in Washington, Pence urged countries from the region to impose financial and travel restrictions on the country鈥檚 leaders, affirming that 鈥渋t is time to do more, much more鈥 in relation to Venezuela.

Among the additional steps the US administration is reportedly considering are further sanctions targeting the South American country鈥檚 oil industry, including a possible .

Venezuela鈥檚 opposition parties have not commented directly on the latest sanctions, but a number of leading anti-government politicians have endorsed Washington鈥檚 hardline stance.

Opposition presidential frontrunner spoke approvingly of Pence鈥檚 remarks, calling Venezuela a 鈥渄isturbance鈥 to the region.

鈥淰enezuela has become a factor of disturbance for the countries of the region,鈥 he said in an interview with on May 8.

Falcon was himself reportedly with US sanctions after he defied a boycott of the May 20 elections by Venezuela鈥檚 main right-wing opposition coalition, the Democratic Unity Roundtable (MUD), agreeing to a series of with the Venezuelan government.

Meanwhile, MUD-aligned opposition leaders Julio Borges and Carlos Vecchio were present in the OAS meeting and asked for more pressure to be put on Venezuela to prevent the upcoming presidential elections.

In recent months, Borges and Vecchio have been on an international tour, lobbying conservative governments throughout the hemisphere and in Europe for further and tougher sanctions against Caracas.

Last August, the MUD publicly the US administration鈥檚 economic sanctions targeting Venezuela and PDVSA.

[Abridged from .]

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