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Venezuelan President Nicolas Maduro has come out strongly against United States President Donald Trump’s latest sanctions on the South American country. These prohibit “all transactions” with “any digital currency” issued by the Venezuelan government — alluding to the cryptocurrency promoted by the Venezuelan authorities, known as “Petro”.
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The United States administration has stepped up its efforts at “regime change” in Venezuela in recent weeks.
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The situation was bleak for Venezuela’s pro-poor Bolivarian Revolution in the first half of last year.
With a dire economic situation and a growing wave of violent opposition protests, President Nicolas Maduro turned the tables by convening a National Constituent Assembly (ANC) in July.
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Venezuela's presidential elections have been set for April 22 as talks between the government and opposition aimed at promoting peace and unity appeared to crumble.
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Venezuela’s National Constituent Assembly (ANC) has approved a proposal to hold presidential elections before April 30.
The move came a day after the European Union announced sanctions targeting seven Venezuelan senior state officials on January 22.
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Nicolás Maduro
Nicolás Maduro
