USA hands bank accounts to Venezuela's Guaido

Venezuela's Guaido expresses concern over Greek position | News

Analysts say a lack of export pipeline capacity means Canada will not be able to boost shipments to take advantage of US sanctions against Venezuela's national oil company, PDVSA.

Meanwhile, EU countries as France, Germany, the Netherlands, Spain and the United Kingdom have given Maduro an ultimatum, stating that they would recognize Guaido as interim president if snap presidential election were not announced in Venezuela within eight days.

The disputed president Nicolás Maduro is still clinging on to power and has broken diplomatic ties with the US government. More than eight out of ten Venezuelans also oppose USA sanctions on the country.

Maduro's inauguration sparked protests throughout Venezuela.

The UN spokesman Rupert Colville said on Tuesday that 696 people were detained on 23 January alone.

"Maduro has created an economic, political and humanitarian crisis".

The US, Canada, Australia and most of the OAS members have recognized Guaido as president, while Russia, China, Cuba and Bolivia have gone on the record in support of Maduro.

As a lawmaker who also heads the National Assembly, Guaidó has immunity from criminal investigation which can only be removed by a high court.

US military invention is seen in Washington as highly unlikely, but President Donald Trump has repeatedly said "all options are on the table" and notes Bolton held at a Monday briefing containing the words "5,000 troops to Colombia" have raised questions.

More news: Price, Availability And Specifications — Samsung Foldable Smartphones

The United States imposed sanctions on Venezuela and PDVSA in 2017 that prevented Citgo from repatriating dividends to its parent company. Some 75 per cent of the country's cash-generating oil shipments go the United States, according to Barclays, but Mr Maduro retains the support of Russia, China, Turkey and Iran and is likely to divert shipments to them.

All oil tankers leaving Venezuelan ports would have to pay for crude before departing, he said.

The United States will issue temporary licenses to ensure US, Caribbean and European refineries that rely on Venezuelan crude can keep buying PDVSA oil but he said many had been taking steps to find other sources.

The sanctions, imposed on January 28, prohibit PDVSA from collecting proceeds from crude oil sales to USA refineries, adding to the pressure on Maduro. Brent crude futures surged 2.9% to $61.7 per barrel Tuesday morning on the news, while West Texas Intermediate futures rose 3.4% to $53.9 per barrel.

Venezuela was once a Latin American success story and has the world's largest oil reserves, but has been driven into the ground during years of hardline leftist rule.

Moscow is assessing the impact on Russian Federation of the sanctions and intends to use all legal mechanisms at its disposable to protect Russia's interests in Venezuela in light of the sanctions, Kremlin spokesman Dmitry Peskov said.

According to analysts briefed by Platts, whatever the outcome of Venezuela's political impasse, Rosneft won't be cut off from Venezuelan oil assets, as oil is pretty much the only hard-currency revenue the country can get.

"We've seen Venezuelan official and military personnel heeding this call", he added, citing the defection this weekend of the country's military attache to Washington.

Chinese Foreign Ministry spokesman Geng Shuang said historical experience showed foreign interference "only makes situations more complicated".

Related News:

  • Rose maintains 3-stroke lead at Farmers

    Rose maintains 3-stroke lead at Farmers

    But his rash of birdies was enough to maintain a steady lead, particularly when he got a stroke back on the par-3 16th. Rose closed with a three-under-par 69 to finish at 21-under, while Scott birdied the last four holes for a 68.
    Cricket Pandya, Rahul's suspension lifted with immediate effect by CoA

    Cricket Pandya, Rahul's suspension lifted with immediate effect by CoA

    Due to all this, the BCCI had suspended both the cricketers and they were not part of India's ODI series against Australia.
    Shooting in Louisiana leaves 5 dead; gunman still at large

    Shooting in Louisiana leaves 5 dead; gunman still at large

    However, Steele said there was cause to believe the suspect had a relationship with one of the victims in Livingston Parish. The two victims found in Gonzalez were identified as husband and wife Keith and Elizabeth Theriot, both 50 years old.
  • Tom Brady Reveals ‘Stupid’ Thing He Did During First Super Bowl Week

    Tom Brady Reveals ‘Stupid’ Thing He Did During First Super Bowl Week

    Green Airport, where they will board their flight to Atlanta around noon for the start of Super Bowl week. And at 41, he's playing the sport at a level that few could do at this age.
    Nigerian chief justice ban raises global  concerns

    Nigerian chief justice ban raises global concerns

    The NBA warned the executive arm of government's actions were unconstitutional and "portends a slide into anarchy". Onnoghen is being tried by the government at the CCT for alleged non-declaration of assets as required by the law.
    Joel Embiid voted in as All-Star starter

    Joel Embiid voted in as All-Star starter

    Raptors guard Kyle Lowry , who has made the all-star game in four successive seasons, was sixth in the East in the fan vote. After the vote , journalists and players in the League list of 10 players to start the all-star game got its final form.
  • Trump Still Proclaims

    Trump Still Proclaims "We Will Build the Wall" - Mish Talk

    He referred to Senate Minority Leader Chuck Schumer, D-N.Y., and used the acronym for president of the United States. So did Trump cave to the Democrats or is he playing possum? On Friday she said the schedule remained undecided.
    Hutchinson relives his darkest days ahead of Chelsea return

    Hutchinson relives his darkest days ahead of Chelsea return

    I just play my football". "As I told you before, in the market in January it's very hard to secure a very important striker". Despite the problems that Blues boss Maurizio Sarri is having with his dressing room, I can only see one outcome.
    James O'Brien Takes On Caller Who Says Airbus Won't Leave UK

    James O'Brien Takes On Caller Who Says Airbus Won't Leave UK

    When this caller insisted Airbus would never leave, James O'Brien demanded to know why he knew more than the CEO of the company. Labour leader Jeremy Corbyn has also refused to take part in any talks until the prime minister rules out a no-deal Brexit.
  • WWE Raw: Bayley Reminded Us Why She’s One Of The Best

    WWE Raw: Bayley Reminded Us Why She’s One Of The Best

    Nia Jax was recently interviewed by Bleacher Report to talk about several professional wrestling topics. Lynch said she's come looking for Rousey to prove that Rousey isn't "The Baddest Woman on the Planet".
    Memphis Grizzlies will listen to offers for Marc Gasol, Mike Conley

    Memphis Grizzlies will listen to offers for Marc Gasol, Mike Conley

    While Gasol probably isn't a viable option for the Minnesota Timberwolves , Mike Conley's name should garner some interest. He lacks shooting, one potential reason why the Jazz are trying to find players who can help on the offensive end.
    Week 5: House Dems float '21st Century' border security plan

    Week 5: House Dems float '21st Century' border security plan

    Trump's letter was based on the fact that Pelosi already had dispatched an invitation on January 3 to deliver the address. Conway said Trump's letter to Pelosi "was incredibly gracious to not mention that and just say to her thanks".

Most liked

Brianna Decker to get her National Hockey League skills challenge prize money after all
Nathan MacKinnon didn't compete in the NHL All-Stars skills competition Friday because of an undisclosed injury. It was later determined that the league did clock Decker, and that she just missed Draisaitl's time.

NFL Needs To Review Blatant Missed Calls
Because of the blown call, the game went into overtime, where the Rams kicked a field goal to win, 26-23. US District Judge Susie Morgan has heard initial arguments and both sides have now entered into talks.

U.S. Midwest braces for record-breaking cold blast
Minutes after a plow passed, roads were once again becoming snow covered, according to the Department of Public Works. In eastern North Dakota, officials have issued travel alerts because of blowing snow.

Theresa May under new pressure to gain concessions on Brexit backstop
This would probably be more palatable to the government than either the Grieve or Cooper bids for MPs to take back control. Another amendment from Dr Murrison seeks the backstop is "replaced with alternative arrangements to avoid a hard border".

NBA Reports: Davis requests trade from Pelicans
They entered Monday 13th in the Western Conference standings, six games out of the final playoff spot with 32 games remaining. The Knicks are reportedly preparing a trade offer to the New Orleans Hornets for five-time All-Star big man Anthony Davis .

Huawei Unveils Groundbreaking 5G Chipset "Tiangang"
The chip can support large-scale integration of active power amplifiers and passive antenna arrays into very small antennas. Huawei's 5G smartphones powered by Balong 5000 will be released at this year's Mobile World Congress in Barcelona.

Lady Gaga, Bradley Cooper surprise crowd with ‘Shallow’ duet in Las Vegas
Video footage from the concert shows Gaga helping Cooper get ready to sing, giving him a kiss on the cheek before he sat down. She's also used her " Enigma " show as a platform to discuss current events and issues.

Dubai leader DeChambeau: I feel like I’m under-performing
Els is a three-time champion at the Dubai Desert Classic, with his victory in 1994 being his first triumph on the European Tour. You've got to love it". "I like this place, as you know", Els said.

Facebook 'tricked' kids, parents to spend money on 'free' games
Sometimes, kids were unaware they were even spending real money, according to an internal report by Facebook itself. They also didn't understand that their parents' credit cards were linked to the games, Reveal reported.

James Harden drops 61 points as Rockets top Knicks
Harden notched his 20th straight game with 30 or more points, but the Rockets were no match for the 76ers in a sometimes testy encounter.

Microsoft Bing now blocked in China
Chinese authorities operate a firewall that blocks many United States tech platforms, including Facebook and Twitter. A spokeswoman from China's cyberspace authority did not reply to a request for comment on Thursday.

Lexington student’s science fair project concludes Tom Brady is a cheater
The rational behind the accusation was that deflated footballs are easier to hold onto and travel farther when thrown. Meet Ace Davis, a 10-year-old kid from Lexington, Kentucky who created a science fair project about Tom Brady .

Australian Open 2019: Proud Petra Kvitova rues missed chances in thrilling final
Even with the Daphne Akhust Trophy in sitting next to her, the superstar champion reduced herself to a exhausted , young woman. Jennifer Capriati won her first Grand Slam title at that year's Australian Open , before backing it up at the French Open.

Rams CB Robey-Coleman fined for controversial hit
Since Sunday's Superdome Screwjob that kept New Orleans out of Super Bowl XLIII, NFL Commissioner Roger Goodell has gone silent. Had the proper call been made, the Saints likely would've advanced to the Super Bowl instead of the Rams .

Senate votes down two separate bills to end shutdown, so what's next?
The other bill, put forth by Republicans, would give Trump the $5.7 billion he has demanded for a border wall and border security. The partial government shutdown has entered its 35th day, breaking the record of the longest government shutdown in US history.