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  1. #26
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    Quote Originally Posted by harrybarracuda View Post
    It's worth noting that the US doesn't actually implement the ban on PDVSA crude until April 28th - yet Venezuela has gone from 47 functioning production platforms to 26 in a year (in 2014, they had 74).
    It's also worth noting that 2014 is when the sanctions start

    No doubt Lord HawHaw will say the US Department of State are a bunch of lefty socialists spreading anti-US propaganda?

    I'm just wondering how Venezuelan officials are supposed to run the country, hospitals, medicines, food etc when the US targets them so...

    03/11/19 The United States Tightens Sanctions on Venezuela by Targeting Russia-Based Bank; Office of the Spokesperson; Washington, DC
    03/11/19 Treasury Sanctions Russia-based Bank Attempting to Circumvent U.S. Sanctions on Venezuela
    03/06/19 White House Statement from the National Security Advisor Ambassador John Bolton
    03/01/19 The United States Sanctions Illegitimate Maduro Regime Security Officials Associated With Violence and Obstruction of International Humanitarian Assistance; Office of the Spokesperson; Washington, DC
    03/01/19 Briefing on Venezuela; U.S. Special Representative for Venezuela Elliott Abrams; Washington, DC
    03/01/19 The United States Revokes U.S. Entry of Maduro-Aligned Individuals and Family; Deputy Spokesperson Robert Palladino; Washington, DC
    03/01/19 Treasury Sanctions Security Officials Associated with Violence and Obstruction of Humanitarian Aid Delivery
    02/23/19 Let Humanitarian Aid Into Venezuela; Secretary of State Michael R. Pompeo; Washington, DC
    02/22/19 The United States Pre-Positions Aid for Venezuelans on the Brazil-Venezuela Border; Office of the Spokesperson; Washington, DC
    02/25/19 The United States Sanctions Governors of Venezuelan States Aligned With Maduro; Office of the Spokesperson; Washington, DC
    02/25/19 Treasury Sanctions Governors of Venezuelan States Aligned with Maduro
    02/15/19 U.S. Sanctions on Venezuelan Individuals and Entities; Deputy Spokesperson Robert Palladino; Washington, DC
    02/15/19 Treasury Sanctions Officials Aligned with Former President Nicolas Maduro and Involved in Repression and Corruption
    01/29/19 White House Fact Sheet: President Donald J. Trump Supports the Venezuelan People's Efforts to Restore Democracy in Their Country
    01/28/19 Sanctions Against PDVSA and Venezuela Oil Sector; Secretary of State Michael R. Pompeo; Washington, DC
    01/28/19 Treasury Sanctions Venezuela's State-Owned Oil Company Petroleos de Venezuela, S.A.
    01/23/19 White House Statement From President Donald J. Trump Recognizing Venezuelan National Assembly President Juan Guaido as the Interim President of Venezuela
    01/12/19 Ensuring Venezuela's Constitutional Order and Safety of Elected Officials; Deputy Spokesperson Robert Palladino; Washington, DC
    01/08/19 Treasury Targets Venezuela Currency Exchange Network Scheme Generating Billions of Dollars for Corrupt Regime Insiders
    12/18/18 Venezuela Fact Sheet
    11/02/18 Remarks by National Security Advisor Ambassador John R. Bolton on the Administration's Policies in Latin America
    09/25/18 The United States Imposes Sanctions on Venezuelan Individuals and Entities; Office of the Spokesperson; Washington, DC
    09/25/18 Treasury Targets Venezuelan President Maduro's Inner Circle and Proceeds of Corruption in the United States
    05/18/18 Treasury Targets Influential Former Venezuelan Official and His Corruption Network
    03/19/18 Treasury Sanctions Four Current or Former Venezuelan Officials Associated with Economic Mismanagement and Corruption
    01/05/18 Treasury Sanctions Four Venezuelan Government Officials Associated with Corruption and Oppression
    11/09/17 Treasury Sanctions Ten Venezuelan Government Officials
    08/09/17 Treasury Sanctions Eight Individuals Involved in Venezuela's Illegitimate Constituent Assembly
    07/31/17 Treasury Sanctions the President of Venezuela
    07/26/17 Treasury Sanctions 13 Current and Former Senior Officials of the Government of Venezuela
    07/17/17 Statement from President Donald J. Trump
    05/18/17 Treasury Sanctions Eight Members of Venezuela's Supreme Court of Justice
    03/09/15 Statement by the White House Press Secretary on Venezuela
    03/09/15 White House Fact Sheet: Venezuela Executive Order
    12/18/14 Statement by the White House Press Secretary: Bills Signed into Law

    Executive Orders

    Executive Order 13850 of November 1, 2018 "Blocking Property of Additional Persons Contributing to the Situation in Venezuela"
    Executive Order 13835 of May 21, 2018 "Prohibiting Certain Additional Transactions with Respect to Venezuela"
    Executive Order 13827 of March 19, 2018 "Taking Additional Steps to Address the Situation in Venezuela"
    Executive Order 13808 of August 24, 2017 "Imposing Additional Sanctions with Respect to the Situation in Venezuela"
    Executive Order 13692 of March 8, 2015 "Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Venezuela"

    Executive Order 13857 of January 28, 2019 "Taking Additional Steps to Address the National Emergency With Respect to Venezuela"

    Executive Order 13692 declares a national emergency with respect to the situation in Venezuela. The targeted sanctions in this Executive Order (E.O.) implement relevant provisions of the Venezuela Defense of Human Rights and Civil Society Act of 2014 signed into law on December 18, 2014, and also provide sanctions authority that goes beyond the requirements of the legislation. The E.O. provides authority to target persons involved in or responsible for the erosion of human rights guarantees, persecution of political opponents, curtailment of press freedoms, use of violence and human rights violations and abuses in response to antigovernment protests, and arbitrary arrest and detention of antigovernment protestors, as well as significant public corruption by senior government officials in the country. E.O. 13692 does not target the people or economy of Venezuela.

    Executive Order 13808, among other things, prohibits transactions by a United States person or within the United States related to: certain new debt of Petroleos de Venezuela, S.A. (PDVSA); certain new debt or new equity of the Government of Venezuela; existing bonds issued by the Government of Venezuela prior to August 25, 2017; and dividend payments or other distributions of profits to the Government of Venezuela from any entity owned or controlled by the Government of Venezuela. In addition, E.O. 13808 prohibits the purchase by a U.S. person or within the United States of most securities from the Government of Venezuela.

    Executive Order 13827 prohibits all transactions related to, provision of financing for, and other dealings in any digital currency, digital coin, or digital token issued by, for, or on behalf of the Government of Venezuela on or after January 9, 2018 wherein U.S. jurisdiction is implicated. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) simultaneously issued frequently asked questions (#559-563) clarifying that compliance obligations are the same, regardless of whether a transaction is denominated in digital currency or a traditional fiat currency. OFAC also clarified that U.S. persons and persons otherwise subject to OFAC jurisdiction that facilitate or engage in online commerce or process transactions using digital currency are responsible for ensuring that they do not engage in unauthorized transactions prohibited by U.S. sanctions.

    Executive Order 13835, among other things, prohibits transactions by a United States person or within the United States related to: the purchase of any debt owed to the Government of Venezuela (including PDVSA), such as but not limited to accounts receivable; any debt owed to the Government of Venezuela that is pledged as collateral after May 21, 2018; and the sale, transfer, assignment, or pledging as collateral by the Government of Venezuela of any equity interest in any entity in which it has a 50 percent or greater ownership interest. E.O. 13835 closes another avenue for corruption by denying the Venezuelan regime the ability to earn money by selling off public assets at “fire sale” prices at the expense of the Venezuelan people.

    Executive Order 13850, among other things, authorizes the imposition of blocking sanctions on persons determined by the Secretary of the Treasury, in consultation with the Secretary, to operate in the gold sector of the Venezuelan economy or in any other sector of the Venezuelan economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State. Moreover, it authorizes the imposition of blocking sanctions on persons determined by the Secretary of the Treasury, in consultation with the Secretary of State, to be responsible for or complicit in, or to have directly or indirectly engaged in, any transactions involving deceptive practices or corruption and the Government of Venezuela or projects or programs administered by the Government of Venezuela, or to be an immediate adult family member of such a person. On January 28, 2019, the Treasury Department, following from consultation with the Department of State, determined that persons operating in Venezuela’s oil sector may now be subject to sanctions pursuant to E.O. 13850. As of January 28, Treasury has designated PDVSA for operating within this sector. This action extends to entities that are majority (50% or greater) owned by PDVSA.

    Executive Order 13857 recognizes the swearing-in of interim President Juan Guaido and amends the above-mentioned E.O.s to define “Government of Venezuela” to ensure that the Maduro regime remains the focus of our sanctions measures. The new definition includes the state and Government of Venezuela, any political subdivision, agency, or instrumentality thereof, including the Central Bank, PDVSA, and any person who has acted for or purported to act on behalf of, any of the foregoing, including as a member of the Maduro regime.

    Legislation

    7/15/2016 Venezuela Defense of Human Rights and Civil Society Extension Act of 2016
    12/18/2014 Venezuela Defense of Human Rights and Civil Society Act of 2014


    https://www.state.gov/e/eb/tfs/spi/venezuela/

  2. #27
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    Stupid Little Boy is a bit like Booners: He puffs his little chest out and posts something without realising that it actually does nothing more than confirm what's being said. The sanctions previously imposed were not the reason PDVSA has been run into the ground, stupid little boy.

    That's gone tits up because Chavismo sacked thousands of workers and put a general in charge of it who knows nothing about the oil industry and who immediately saw an opportunity to divert maintenance and other funds into his personal bank account.

    Read the article below about how an oil worker at PDVSA was being paid $20 (!) a month and has actually decided to - gasp - get a job somewhere else.


    Nieves Ribullen, a Venezuelan oil worker sick of struggling to get by as his country falls apart, is betting it all on Iraq’s far-away Kurdish region to give his family a better life.


    Over the years he’s watched dozens of co-workers abandon poverty wages and dangerous working conditions at the rundown complex of refineries in Punto Fijo on Venezuela’s Caribbean coast for jobs in far-flung places like Kuwait, Angola and Chile.

    Now it’s his turn. Leaving his wife and three children behind, he’ll soon ship out to Iraq’s semi-autonomous northern Kurdish region, where he expects to earn more than $3,500 a month — a fortune compared to the less than $20 he brings home monthly in increasingly unstable Venezuela.


    “I only earn enough to buy a kilo (2 pounds) of meat and one chicken each month,” Ribullen said. “We’re in chaos.”

    <snip>


    He recalled starting work at PDVSA 16 years ago, when he made enough money to buy a Toyota and take his family to the Caribbean island of Aruba on vacation every year. Now, the car is long gone and it’s been seven years since the last family vacation.


    Sometimes after his night shift he’s forced to stand in line for hours at the market to buy food for his family. He blames Chavez and Maduro for destroying his country.

    https://www.apnews.com/a133dc7090604feeb5e700e9db2345c9
    Get a dictionary and try reading the Rosneft article, stupid little boy.

  3. #28
    Neo-feudal Serf SKkin's Avatar
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    Quote Originally Posted by harrybarracuda View Post
    but I'd like to think that you can see what the problem is after reading it.
    Russia views its relationship with Caracas as a way to project power into Washington's backyard, according to Alexander Gabuev, a senior fellow at Carnegie Moscow Center, a think tank. Venezuela is a big buyer of Russian weapons. The billions of dollars that Rosneft has invested in Venezuela are an added incentive for Moscow to keep standing by its old ally.
    If the US wasn't meddling in Russia's "backyard" 24/7/365 maybe the above wouldn't be happening.

  4. #29
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    Quote Originally Posted by SKkin View Post
    If the US wasn't meddling in Russia's "backyard" 24/7/365 maybe the above wouldn't be happening.
    Why Russia went in there is of little importance now.

    Especially as they are probably wishing they hadn't.

  5. #30
    disturbance in the Turnip baldrick's Avatar
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    a perspective from on the ground in Venezuela

    https://www.counterpunch.org/2019/03...dia-spectacle/

    Sure, there are queues for oil, but people are not dying of starvation and, as I said, poverty is no where near what it is like in Brazil. I wouldn’t say a harsh dictatorship, people were open, and criticized the government, and the US, but also Chavez and Maduro. The Partido Socialista Unido de Venezuela (PSUV) have admitted they had made bad economic decisions. I thought it would be more repressive, and it wasn’t. People were not fearful about speaking out. I think Venezuelans blame the Americans for the situation more than Maduro.

  6. #31
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    Quote Originally Posted by baldrick View Post
    The Partido Socialista Unido de Venezuela (PSUV) have admitted they had made bad economic decisions.
    Why, when they had run into bankruptcy, why they did not make it so easy as in other country (please no names here) where the mega corporations, banks etc, were charitably bailed out (don't mind the trillions of debt)...

  7. #32
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    Quote Originally Posted by baldrick View Post
    a perspective from on the ground in Venezuela by a Maduro supporter.

    https://www.counterpunch.org/2019/03...dia-spectacle/

    FTFY.

  8. #33
    Thailand Expat Boon Mee's Avatar
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    Quote Originally Posted by harrybarracuda View Post
    Stupid Little Boy is a bit like Booners:
    Heh...I live in your head 24/7 just like the great Donald J. Trump.

    What is inconceivable to anyone with common sense is the democratic field in the States lurching far-left attempting to emulate the Venezuelan economy!

    From Breadline Bernie to Heels-Up Harris, they have all shouted hosannas to the Lord on what a great Socialist example Venezuela is.

    Lunacy...

  9. #34
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    Quote Originally Posted by Boon Mee View Post
    Heh...I live in your head 24/7 just like the great Donald J. Trump.

    What is inconceivable to anyone with common sense is the democratic field in the States lurching far-left attempting to emulate the Venezuelan economy!

    From Breadline Bernie to Heels-Up Harris, they have all shouted hosannas to the Lord on what a great Socialist example Venezuela is.

    Lunacy...
    Thanks for proving my point.

    At a time when the economy is going fine, baldy orange cunto will have added $5 TRILLION to the debt and turned narrowing deficits into a ballooning ones.

    So you crowing about it shows what a fucking idiot you are, too.

  10. #35
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    More money out of reach of the corrupt Chavismo.

    Citigroup to sell Venezuelan gold in setback to President Maduro: sources





    CARACAS (Reuters) - Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela’s central bank on a $1.6 billion loan after the deadline for repurchasing them expired this month, sources said, a setback for President Nicolas Maduro’s efforts to hold onto the country’s fast-shrinking reserves.








    https://www.reuters.com/article/us-v...R12GR?rpc=401&

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