(MENAFN) Venezuela has been hit with new sanctions from the US after the re-election of President Maduro in an election deemed as fraudulent.
The economic sanctions of which President Trump imposed bans the purchase of debt owed to the Venezuelan government or making financial transactions with entities that Venezuela has over 50 percent shares in.
The objective behind the new sanctions is to be positive that Caracas is not able to carry out "fire sales" of its "critical assets".
Trump stated "this money belongs to the Venezuelan people," adding "we call for the Maduro regime to restore democracy, hold free and fair elections, release all political prisoners immediately and unconditionally, and end the repression and economic deprivation of the Venezuelan people."
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