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Venezuela's Maduro defiant in face of US sanctions

Video Credit: Reuters Studio
Published on August 8, 2019 - Duration: 00:41s

Venezuela's Maduro defiant in face of US sanctions

Venezuela's President Nicolas Maduro insisted Wednesday that his country will win in the face of fresh sanctions imposed by the Trump Administration.

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Venezuela's Maduro defiant in face of US sanctions

Venezuelan President Nicolas Maduro on Wednesday (August 7) struck a defiant tone against new U.S. sanctions against Venezuela, telling supporters that the OPEC nation would never be defeated.

U.S. President Donald Trump signed an executive order on Monday (August 5) 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.

Maduro also hit out at Trump for signing new sanctions against Venezuela as the United States grappled with the aftermath of mass shootings.

The United States has applied sanctions and diplomatic pressure to try to get Maduro, whom it accuses of human rights violations and stealing the Venezuelan election last year, to step down.

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