(25 Aug 2017) The Trump administration has slapped sweeping financial sanctions on Venezuela, barring banks from any new financial deals with the government or state-run oil giant PDVSA.
The sanctions Trump signed by executive order pn Friday are bound to dramatically escalate tensions between Venezuela and the US and exacerbate the country's economic crisis.
Some Caracas residents expressed mixed reactions on Friday.
Pro-government supporters were vehemently opposed to them and swore they would survive them and anti-government supporters welcomed them as a needed step to toppling what they see as a Venezuelan dictatorship.
The new actions prohibit dealings in new debt and equity issued by the government of Venezuela and its state oil company.
It also prohibits dealings in certain existing bonds owned by the Venezuelan public sector, as well as dividend payments to the government of Venezuela.
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