Russia's foreign minister on Friday slammed U.S. sanctions against Venezuel...
CARACAS - Russia’s foreign minister on Friday slammed U.S. sanctions against Venezuela during a visit to Caracas, providing a public show of support for President Nicolas Maduro as Washington mulls ramping up pressure on the South American nation.
Assistance from Russia could be decisive for Maduro to boost oil production and restore economic growth after a surprise opening of the economy last year that followed years of hyperinflation and the exodus of 5 million people. On Thursday, U.S. Special Representative to Venezuela Elliott Abrams warned that Russia’s support for Maduro’s government may “no longer be cost free,” noting that companies that have licenses to work with Venezuela could lose them.
“The Trump administration will not allow Maduro and his proxies to continue stealing from the Venezuelan people and abusing state-owned assets to advance their own corrupt and destabilizing activities,” Treasury Secretary Steven Mnuchin said in a statement.
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