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CARACAS Logan Cooke Jaguars Jersey , Aug. 28 (Xinhua) -- U.S. economic sanctions against Venezuela aim to push the South American country to the brink of
bankruptcy and default, the Venezuelan ambassador to the United Nations said on
Monday.


The sanctions seek to have Venezuela "enter into default" in paying back its foreign debt, ambassador Rafael Ramirez told Venezuelan TV station Globovision.


Declaring default would dry up financing and make it even harder for Venezuela to import necessary food items and medications, he said.


On Friday, U.S. President Donald Trump signed an executive order that "prohibits dealings in new debt and equity issued by the government of Venezuela
and its state oil company" and also prohibits "dividend payments" to the South
American country's government.


However, Ramirez sounded optimistic about Venezuela's options.

"We have markets for our oil. It's likely that the United States is the one who is going to have problems in supplying its oil refining system, with no
access to Venezuela's extra heavy crude Ronnie Harrison Jaguars Jersey ," he said.

Also on Monday, the government condemned the right-wing opposition coalition (MUD) for cheering the economic sanctions on Venezuela's already battered
economy, and issuing a statement inviting other countries to follow suit.


The right-wing coalition "urges other countries and investors to economically block and isolate the country," and "do the same as the United States did on
Aug. 25," the government said, adding that "for MUD the enemy is Venezuela."


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Posted 23 Jan 2019

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Posted 10 Feb 2020

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