7 August 2019
Venezuela's Foreign Minister Jorge Arreaza rallied on Tuesday against new U.S. sanctions against the OPEC nations, saying that Washington was after its petrol and for President Donald Trump to concentrate on his re-election. Trump signed an executive order on Monday that freezes the assets of the Venezuelan government and bans any transactions with it, an act that could ensnare its dealings with Russia and China as well as with Western companies.
It was the first U.S. asset freeze against an entire government in the Western Hemisphere in more than thirty years and gave U.S. authorities unprecedented powers over finances tied to the Caribbean nation.
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