Trump amps up Venezuelan crackdown, sanctions gold exports with executive order - News Summed Up

Trump amps up Venezuelan crackdown, sanctions gold exports with executive order


President Trump is continuing to put pressure on the government of Venezuela’s leftist President Nicolas Maduro, introducing a new round of sanctions designed to further rattle the embattled South American country’s oil exports. The ailing nation this year turned to gold as a means of invigorating its fast-falling currency and moving away from oil dependency. In apprehension of U.S. regulations, in the first nine months of the year Venezuela exported some $900 million worth of gold through Turkey. Maduro has since responded publicly to the sanctions announcement, calling them “crazy” and “schizophrenic” in a televised statement. “We agreed that Brazil and the United States will work closely together on Trade, Military and everything else!


Source: Fox News November 04, 2018 18:56 UTC



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