EU to Hit Venezuelan Officials with Sanctions

Posted by Joseph Keefe
Wednesday, January 17, 2018
Seven senior Venezuelan officials are likely to face European Union sanctions from next week, including the country's powerful chief justice, diplomats said, as the EU seeks to pressure President Nicolas Maduro to resolve a political crisis.
The travel bans and asset freezes, which EU ambassadors are set to approve on Thursday, will follow U.S. sanctions last year and mark a tougher stance from European capitals that had sought to coax a solution without resorting to punitive measures.
"The (Venezuelan) government has crushed the opposition and is guilty of human rights abuses, so we believe it is time to send a strong message," an EU diplomat involved in discussions said.
Branded a dictatorship by France, the United States and its South American neighbours, Maduro's government stands accused by many governments of dragging Venezuela towards authoritarian rule and ruining an economy that still boasts the world's largest proven oil reserves.
Two EU diplomats said those likely to be targeted with sanctions were senior officials in charge of security forces accused of widespread abuses, particularly during anti-government protests last year.
The list could still change, the diplomats said, but at present those likely to be hit with the travel bans and asset freezes include Antonio Jose Benavides Torres, Chief of the Capital District in Caracas; Interior Minister Nestor Riverol; National Intelligence Director Gustavo Gonzalez Lopez; and Chief Justice Maikel Moreno, who heads the supreme court.
However, unlike the United States and Canada, the EU does not intend to sanction Maduro himself, seeking to instead put pressure on those around him but allow the president the option to travel for any future talks.

If agreed by Brussels ambassadors from the 28 EU nations on Thursday, the sanctions would likely be adopted and imposed some time next week, diplomats said.

Reporting by Robin Emmott 

Categories: Legal Finance Energy Government Update

Related Stories

ConocoPhillips Misses Quarterly Profit Estimates

Taliban Plan Regional Energy Trade Hub with Russian Oil in Mind

Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia

Seatrium Scoops $259M Worth of Repairs and Upgrades Work

BIRNS High Amperage Connector Series Debuts

JUB Pacific Bolsters Liftboat Fleet

Bangladesh to Invite Bids for Offshore Oil and Gas Exploration

Oil Rises Almost 2% as Markets Await OPEC+ Decision

The APAC Offshore Market: Riding the Wave of Success into 2024 and Beyond

Brassavola Completes Maiden Ship-to-Ship LNG Bunkering Operation

Current News

Doris, Rosen and Spiecapag Team Up to Repurpose Natural Gas Pipelines for Hydrogen

Indonesia to Ask Mubadala to Speed Up South Andaman Gas Development

Interview: Caroline Yang, CEO, Hong Lam Marine & President, SSA

Indonesia Offers Five Oil and Gas Blocks, Pledges to Boost Exploration

ADES Holding Signs $94M Jack-Up Rig Deal with PTTEP

Cyan Renewables, Hyundai to Set Up Offshore Wind Vessel Suply Chain in South Korea

Mubadala Energy Makes Second Major Gas Discovery in Indonesia

Subsea7, OneSubsea to Install Türkiye’s First FPU in Black Sea

Optimizing Cathodic Protection Survey Using Non-contact Sensors

Into the Deep: Offshore Production Increasingly Finds Deeper Waters

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com