U.S. Ends Sanctions on Venezuelan Official Who Broke With Maduro
(Bloomberg) -- The U.S. Treasury Department lifted financial sanctions on Venezuela's former intelligence chief to reward him for breaking ranks with Nicolas Maduro's regime.
American officials have promised sanctions relief for people associated with Maduro who help remove him from power. The U.S. enacted the policy for the first time on Tuesday by lifting sanctions imposed Feb. 15 on the former Director General of Venezuela's National Intelligence Service, Manuel Ricardo Cristopher Figuera.
The move “shows the good faith of the United States that removal of sanctions may be available for designated persons who take concrete and meaningful actions to restore democratic order,” Treasury said in a statement on its website.
The Trump administration has recognized Venezuelan opposition leader Juan Guaido as the country's rightful leader. Guaido tried earlier this month to overthrow Maduro by rallying the military to abandon its support for him, but the effort fizzled and the embattled president remains in power.
Vice President Mike Pence said in a speech at the State Department on Tuesday that Figuera “broke ranks with the Maduro regime and rallied to the support of the Venezuelan constitution and the national assembly” by backing Guaido.
To contact the reporters on this story: Saleha Mohsin in Washington at smohsin2@bloomberg.net;Nick Wadhams in Washington at nwadhams@bloomberg.net
To contact the editor responsible for this story: Alex Wayne at awayne3@bloomberg.net
©2019 Bloomberg L.P.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
