Peru to host international talks on Venezuela in Lima next month

Cheryl Sanders
July 5, 2019

The August meeting aims to discuss "the best way to restore democracy in Venezuela", said Popolizio.

Among the invitees are Russia, China, Cuba, Bolivia and Turkey, the countries that have rejected the attempt by Western-backed Venezuelan opposition leader Juan Guaido to overthrow the government and stood by elected Venezuelan President Nicolas Maduro.

The sanctions on Cubametales "will disrupt Maduro's attempts to use Venezuela's oil as a bargaining tool to help his supporters purchase protection from Cuba", Treasury Secretary Steven Mnuchin said in the press release.

Havana-based Cubametales is responsible for "guaranteeing 100 percent of imports and exports of fuels" as well as imports of additives and basic oils for lubricants into and out of the country, it added.

The increased restrictions on trade by the USA under the Trump administration is only making the situation even more hard for the country.

Cubametales has done business with oil firms in France, Mexico, Algeria, and Russian Federation, according to a review by Kharon.

In April, Washington imposed sanctions against 34 tankers belonging to Venezuelan state oil company PDVSA, which were used to ship oil to Cuba.

Gil Fernandez also said that Cuba is looking to take measures with a decentralizing effect the country's state-run economy to improve its performance.

The sanctions cover all property and interests in property of Cubametales.

While the new sanctions will likely have little direct impact on the state-run Cuban company, they could stop firms from buying and selling oil from Cubametales out of fear of drawing Treasury's ire, just as PB Tankers had.

Separately on Wednesday, the State Department imposed a visa ban on Uladi Basikolo Mussa, the Malawian special adviser on parliamentary affairs.

Mussa was arrested in 2017 on allegations that he took bribes in exchange for issuing Malawian passports to foreigners, according to a Voice of America report.

The sanctions freeze any property or assets they may have in the United States, and ban transactions with US individuals or entities.

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