Monday, 19 November, 2018

USA government bans Venuzuela Petro transactions

Opposition candidate Henri Falcon has been pressured by US civil servants not to run in the elections Opposition candidate Henri Falcon has been pressured by US civil servants not to run in the elections
Glenn Montgomery | 22 March, 2018, 02:07

The government of Venezuela got help from the Russian government officials and businessmen in launching the petro token, Time reported on Tuesday. Its value is tied to the country's oil reserves. According to the report, senior advisers' to Kremlin also had a hand in the creation of petro, and that Russian President Vladimir Putin "signed off" on Venezuela's cryptocurrency effort in 2017.

Because of the nature of Venezuela's political relationship with the USA, economic sanctions were placed on the country and American investors were barred from offering funding for any opportunities in the country. Venezuelan president Nicolás Maduro has gone so far as to refer to the cryptocurrency as the "kryptonite" to the US government's "Superman".

Venezuela's Petro cryptocurrency - a transparent attempt to circumvent sanctions through a forward sale of the country's oil - has sparked the anger of the nations that imposed those sanctions in the first place.

"People close to Putin, they told him this is how to avoid the sanctions", an executive at a Russian state bank told Time.

The two, however, were not the top Russian authority to back Maduro.

The order makes it illegal for Americans or American companies to engage in transactions related to that digital currency.

OPEC-member Venezuela has fallen on hard times under Maduro and more Venezuelans are leaving as an economic meltdown worsens and opposition hopes of fair elections fade.

Meanwhile, U.S. Senator Bob Menendez, who has repeatedly called for action against the petro, said he welcomed the new sanctions, but added that the "international community must continue coordinated efforts to increase pressure on the Maduro regime".

Unfortunately, even as people are suffering every day from hunger, lack of basic necessities, and preventable diseases, the Maduro regime continues to deny fundamental freedoms and access to basic humanitarian needs to the people of Venezuela. "Now they are using Venezuela as a guinea pig for their experiment".

Recommended

Syria remains silent amid Israeli revelation of nuclear facility destruction Syria remains silent amid Israeli revelation of nuclear facility destruction Under cover of night, the jets took off at 10:30 pm, flying low to avoid detection and returning at 2:30 am. In his 2010 memoir Decision Points , former US President George W.

Verdict in fourth fodder scam against Lalu likely at 2 pm today Verdict in fourth fodder scam against Lalu likely at 2 pm today There are six FIRs against Lalu Prasad Yadav out of which judgement has been pronounced in three cases. Yadav was admitted to the hospital on Saturday after complaining of chest pain.

United Airlines suspends transports of pets in cargo hold United Airlines suspends transports of pets in cargo hold He said the airline would consult independent experts in pet safety and that the airline is not ending the program. The suspension does not affect pets that travel in United's passenger cabins, which require medical authorization.

WhatsApp co-founder tells everyone to delete Facebook WhatsApp co-founder tells everyone to delete Facebook This is not the first time that a former Facebook executive has showed discomfort after leaving the company. Koum continued to lead the company, however, Acton left in order to start his own foundation .

Ex-'Apprentice' Contestant's Defamation Claim Against Trump May Proceed, NY Judge Rules Ex-'Apprentice' Contestant's Defamation Claim Against Trump May Proceed, NY Judge Rules Justice Schecter cited the Supreme Court case Clinton v Jones , a sexual harassment lawsuit filed against Bill Clinton in 1994. Summer Zervos filed the suit a year ago after Trump said publicly that she and other women making similar claims made them up.

Family of Maryland school shooting victim Jaelynn Willey releases statement Family of Maryland school shooting victim Jaelynn Willey releases statement Mary's County Sheriff Tim Cameron, the school resource officer (SRO) fired a round at the shooter , who fired a round in return. Last month cops investigated threats of a shooting targeting Great Mills High School after rumours circulated on Snapchat.

The XFL Already Has Competition Outside Of NFL The XFL Already Has Competition Outside Of NFL One difference between Allliance games and the National Football League is that kickoffs will be eliminated, NBC Sports said. Former players such as Justin Tuck , Hines Ward and Jared Allen will have significant roles, Charlie Ebersol said.

Del Potro outlasts Federer to win Indian Wells title Del Potro outlasts Federer to win Indian Wells title He closed out the win on his third match point when Federer's forehand failed. "So it should sting, like you said, for a bit". It really could have gone either way, until it became obvious in the third set tie-break that it would go del Potro's.

President Trump, "Drug addiction not our future" President Trump, Monday was Trump's first visit as president to New Hampshire, which has long occupied a special place in his political rise. Trump told the firefighters he's getting a "big response" in Congress for his three-part plan to end the drug epidemic.

Self-driving Uber kills Self-driving Uber kills Elcock encouraged Tempe residents to use crosswalks whenever possible and said it would limit cases like these from happening. The fatality which occurred over the weekend is the first fatality involving the controversial fleet of autonomous vehicles.

Jim Carrey's political caricature sparks backlash on Twitter Jim Carrey's political caricature sparks backlash on Twitter The actor described Sanders as "a so-called Christian whose only objective in life is to lie for the wicked" in the caption. He told a magazine past year that creating political art isn't a new concept for him.

Is Amelia Hammer Harris The Frontrunner on 'American Idol'? Is Amelia Hammer Harris The Frontrunner on 'American Idol'? Perry maintained that Swift knew the dancers had already planned to work for Perry when her tour was scheduled to start. Many Katy Perry fans think her Witness single " Swish Swish " is a response to Taylor Swift's song " Bad Blood ".

'Sex and the City' star Nixon to challenge Andrew Cuomo 'Sex and the City' star Nixon to challenge Andrew Cuomo Cynthia Nixon , the Sex and the City star and education activist, has made it official: She intends to challenge New York Gov. An ally of New York City Mayor Bill DeBlasio, Nixon would challenge incumbent Andrew Cuomo with his $30 million war chest.

Navratilova lashes out at BBC over pay Navratilova lashes out at BBC over pay The BBC added that McEnroe is "widely considered to be the best expert/commentator in the sport, highly valued by our audiences". A review commissioned by the BBC found a 6.8% gender pay gap - but "no evidence of gender bias in pay decision-making".

The race for the Golden Shoe Roberto Firmino has 23 goals in all competitions, with 14 of those coming in the Premier League . To put that in context, it would be the highest goals tally for a 38-game Premier League season.