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US Sanctions Venezuelan State Bank, Repeats “All Options” Are Still On The Table

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US Sanctions Venezuelan State Bank, Repeats "All Options" Are Still On The Table

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On March 22nd, the US Treasury sanctioned Banco de Desarrollo Economico y Social de Venezuela, or BANDES, a Venezuelan state bank in response to the arrest of US-Proclaimed President Juan Guaido’s chief of staff, Roberto Marrero.

“The willingness of Maduro’s inner-circle to exploit Venezuela’s institutions knows no bounds.  Regime insiders have transformed BANDES and its subsidiaries into vehicles to move funds abroad in an attempt to prop up Maduro.  Maduro and his enablers have distorted the original purpose of the bank, which was founded to help the economic and social well-being of the Venezuelan people, as part of a desperate attempt to hold onto power,” said Treasury Secretary Steven T. Mnuchin.  “The regime’s continued use of kidnapping, torture, and murder of Venezuelan citizens will not be tolerated by the U.S. or the international coalition that is united behind President Guaido.  Roberto Marrero and other political prisoners must be released immediately.”

Following is the list entities that were blacklisted:

  • BANDES is based in Venezuela, and is a state-owned and controlled bank;
  • Banco Bandes Uruguay S.A. is based in Uruguay. In early 2019, Maduro tried to move over one billion dollars out of Venezuela via BANDES to its subsidiary in Uruguay, Banco Bandes Uruguay S.A;
  • Banco Bicentenario del Pueblo, de la Clase Obrera, Mujer y Comunias, Banco Universal C.A. is based in Venezuela;
  • Banco de Venezuela, S.A. Banco Universal is based in Venezuela;
  • Banco Prodem S.A. is based in Bolivia.

The sanctions are the general ones that generally prohibit all US citizens to deal with the entities and any assets or properties they may own in the US are frozen.

In addition, BANDES’ Chief Executive and President of the Board Alejandro Zerpa Delgado has been sanctioned since July 26th, 2017.

In response, Venezuelan Foreign Minister Jorge Arreaza posted a government statement condemning the unilateral US decision.

“The Bolivarian Republic of Venezuela rejects unilateral, coercive and illegal measures announced by the U.S. supremacist government, which impact the Economic and Social Development Bank of Venezuela (BANDES) and four (4) important Financial institutions of the country.”

The statement reads the following:

“This attack that directly attacks the heart of the finances of the Venezuelan people, demonstrates the imperial hypocrisy, which offers a false kind of humanitarian aid, while attacking the sources of generation of Venezuelan resources through direct sanctions against PDVSA and Minerven; and now against the national financial circuit, with the intention of preventing the materialization of the social and productive plans promoted by the public and private economic agents of the country.”

This followed sanctions on Venezuela’s state-owned gold mining company and its president on March 19th.

On March 22nd, the US also warned the government of Venezuelan President Nicolas Maduro over the detention of US citizens, including six executives from Houston-based oil company Citgo Petroleum who have been jailed since 2017.

“We will hold Maduro and his prison officials to account for their safety and well-being,” the U.S. State Department said in a statement.

US National Security Adviser also continued his usual rhetoric and claims. In an interview with Breitbart on March 21st, he said that the US is obligated to protect approximately 50,000 US citizens in Venezuela.

 “President Trump himself has been clear on this point on any number of occasions when he says all options are on the table. I think people need to understand and believe that; he’s very serious about it,” Bolton said. “And I’d just point out one very important statistic: we estimate right now in Venezuela there are between 40 and 50,000 American citizens, and the government of the United States has no higher duty internationally than to protect its citizens from violence and intimidation. So that’s something that I think everybody needs to keep in mind.”

In spite of all the facts and regime change efforts by the US and allies, Bolton said that the US wished to let Venezuelans make their own decisions.

“What we’d like to do is let the Venezuelan people make their own decisions here, not through a government controlled by Cuba’s surrogate for Russia, not through what we call the debt-diplomacy of China trying to finagle its way in to countries all around the world and get control of Venezuela’s oil reserves,” he said.

In terms of blaming Cuba over the Venezuelan crisis, Bolton claimed that a Venezuelan military counter-intelligence official (DGCIM) gave testimony before the Organization of American States. The official spoke “he brutal torture of political prisoners & how the Venezuelan security forces are monitored & directed by Cuban officers.”

US-Proclaimed President Juan Guaido continued his usual rounds and calls for “Operation Freedom.” He continues to call the Venezuelan people to attend large scale rallies and organize riots, but it seems to be leading nowhere.

Guaido even tried an uncommon way of pressure. Venezuelan head football coach Rafael Dudamel said he was ready to resign. He spoke to Antonio Ecarri, designated by Guaido as his ambassador to Spain.

“We have been living through very complicated times, and we are very politicized,” Dudamel told reporters after the game. “We respectfully received the visit of the ambassador, Mr. Antonio Ecarri … just as we have [in the past] received the ambassador of President Maduro.”

He accused Guaido and Ecarri of “politicizing” the visit, telling CNN the meeting took place on the condition that any photographs or videos of the meeting would be for “internal consumption.”

In a failure for the US efforts to gain popularity and “momentum” for the Venezuelan opposition, the Inter-American Development Bank scrapped plans to hold its annual meeting in China. The reason was that Beijing excluded the newly appointed board member from Venezuela chosen by opposition leader Juan Guaidó.

The Financial Times reported that the IDB had become a “victim” of the US-China multifront conflicts. China supports Nicolas Maduro as Venezuela’s legitimate leader.

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  • Wraith

    Better believe all options are on the table. US Carrier Fleets and Airbases are on standby. A military operation against Venezuela would be twice as big as the operation against Gadaffi’s armed forces. Venezuela should play the nice war and no intervention will be necessary

    • Jacob Wohl’s Nose

      Your profile picture literally looks like a 4 year old’s drawing that got turned into a real life animation… you’re a literal real life Mr. Potato Head

    • JustPassingThrough

      and you still insist on posting this garbage.
      as a troll you are overpaid.
      time to find something you are good at.
      this isn’t it. lol

    • VeeNarian (Yerevan)

      How many US body bags will be OK for your ilk???

    • purplelibraryguy

      It’s quite true as far as it goes. So the US invades (yet another) sovereign country. In Latin America. Not a military coup, not deniable mercenaries, not US-trained death squads, but a real direct US invasion of a significant-sized, democratic Latin American country.
      Then what?
      Well, in Venezuela it would be Vietnam. The Americans would have a way tougher insurgency than the ones they’ve failed to win over the last 20 years or so.
      In the rest of Latin America it would be massive loss of influence. Many of their pet governments would be overthrown in favour of explicitly anti-yankee political movements.

      If it weren’t for the massive loss of life I’d almost be hoping for it.

  • Wraith

    US has dozens of B-1 lancer, B-2 spirit, and B-52 stratofortress strategic bombers ready to go at numerous airbases in the southern United States. Add to that, an entire carrier fleet able to be dispatched to the Caribbean Sea at any moment – carrying 90 planes, and accompanied by numerous destroyers with tomahawks

    • Jacob Wohl’s Nose

      And Russia will deploy strategic bombers, air defense, and naval assets to Venezuela. Checkmate! What’re you gonna do then, Proboscis?

  • Wraith

    US Military Organization In the event of Military intervention against Venezuela:
    -Strategic Bomber Airbases in Texas, Florida, New Mexico, Arizona (B-2, B-1, B-52 stratofortress)
    -US Navy 4th Fleet (USS George Washington Supercarrier, 3 destroyers, 2 submarines, 1 corvette, 1 frigate) carrying 90 F-18 superhornet, 200-500 tomahawk missiles
    -US Special Operations Forces in Columbia and Brazil (MARSOC, SEAL, Rangers)

    • Alex

      You shouldn’t think that all Latin America is behind their leaders, should US go ahead with their war, they will have a lot more to deal with than in Iraq and their firepower won’t be much of help to them and lastly, Latin America is much closer than Iraq too :)

    • Jacob Wohl’s Nose

      Lol. You must have gotten a pay raise working for the Hasbara Proboscis Division
      because Holy Honker are you on warp speed commenting a ton everywhere spewing nonesense talking from your ass

    • JustPassingThrough

      with all undue respect, you are a fool.

      • Promitheas Apollonious

        nope just a paid moron.

    • Xoli Xoli

      This will be neutralized and eliminated byChina and Russian Supersonic missiles. Then Bolton and Trump will be arrested and handover to Maduro. Pompeo will be lock up with ISIS to rape.

    • 1691

      Did you know that israhell has been strategically cornered from all sides for years. One wrong move…. and game over.

    • Bob

      The US has no grounds for an illegal war of aggression against Venezuela – latter is of no imminent threat to US mainland or vital interests. Firepower is irrelevant – if US directly attacks Venezuela it commits an illegal act under International Law. There are only so many times the US can launch unilateral aggressive wars before rest of international community deems US an actor repeatedly dealing in bad faith – and responds to US words and actions accordingly.

    • VeeNarian (Yerevan)

      Columbia and Brazil have not agreed to allow US military action from their soil. Is the US going to invade them too?
      What happened when this same overwhelming force was employed against Vietnam? The US arse got kicked. And now the Afghan war is nearly 18 years old.
      What happened to the overwhelming force???

    • VeeNarian (Yerevan)

      How many US body bags are you prepared to welcome home???

    • You can call me Al

      We have seen that many times before – many South American Countries + African Countries + ME Countries and of course Asian Countries AND APART from Grenada – the US have lost and suffered heavy casualties.

      You Yank fuck-wits couldn’t fight your way out of a paper bag.

    • Tony B.

      Wow! The U.S. government must be scared silly over the mighty power of little Venezuela. Better warn all the faggots in U.S. uniforms that they may be in danger here.

  • Xoli Xoli

    Put severe pressure on Guiado the traitor the more USA interfere. Arrest fake small traitor USA appointee President

  • purplelibraryguy

    All options are on the table, he says. Funny how when Americans say that, they never seem to include the option to just leave people the fuck alone.