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Venezuela has 2.5 billion dollars withheld in international banks as a result of US sanctions. This money would be used to import medicines and food.
The Bank of England (BoE) is refusing to release around $550 million in gold owned by Venezuela back to the country rt.com/business/44351…
Unilateral coercive measures of commercial economic blockade and financial persecution against the Bolivarian Republic Of Venezuela

Chronology: mppre.gob.ve/wp-content/upl…
"April 2016 - It starts the phase of the financial blockade against Venezuela. Institutions of the Venezuelan Government begin to receive, by financial entities abroad, notifications about restrictions applied to the Venezuelan banking accounts to execute payments in USD."
"May 2016. Commerzbank bank (Germany) closed the accounts held by several institutions, Venezuelan public banks and PDVSA."
"July 2016. The U.S. bank Citibank unilaterally ceased the correspondent account service in foreign currency of Venezuelan institutions in the U.S., including the accounts of the Central Bank of Venezuela (BCV). "
"August 2016. Closing of correspondent accounts decreases Venezuela’s capacity to carry out U.S. currency transactions and forces the Republic to migrate transfer operations and manage funds in other currencies, imposing to the country high transaction costs and operating costs."
"August 2016. Novo Banco (Portugal bank) notifies the country the impossibility to carry out transactions in U.S. dollars with Venezuelan banks and institutions, because of pressures exercised by correspondent banks of this institution."
"02/13/2017. The U.S. Treasury Department includes the Executive Vice-President of Venezuela, Tareck El Aissami, on a list of sanctioned persons for "drug trafficking." The OFAC document neither presents evidences of the accusation nor is an inquiry opened in a court."
"July 2017. The Delaware company -payment agent of the PDVSA bonds- informs that its correspondent bank (PNC Bank) in the U.S. refuses to receive more funds from the Venezuelan oil company."
"07/31/2017. The Department of the Treasury imposes sanctions against a group of Venezuelan officials, including the President of the Republic, Nicolas Maduro Moros, a day after the election of the National Constituent Assembly was held."
"July 2017: The Citibank bank (USA) refuses to receive Venezuelan funds for the import of 300 thousand doses of insulin, destined to cover the demand of 450 thousand registered patients"
"08/21/2017. The Bank of China (BOC - Panama), informs that due to instructions from the U.S. Treasury Department and pressure from the Panamanian government, it will not be able to carry out any operation in foreign currency in favor of Venezuela."
"08/22/2017. Allied banks in Russia report the impossibility of making transactions to Venezuelan banks due to the restriction that some U.S. correspondent banks and European banks are imposing to operations from Venezuela."
"08/23/2017. The correspondent of the BDC Shandong bank, alleging administrative reasons, paralyzes a transaction to Venezuela even though the funds were drawn by China. The amount associated with this operation (200 MM USD) lasted almost three weeks in being released."
"08/24/2017. Donald Trump issues the Executive Order 13808 that prohibits a set of transactions to include PDVSA and any other entity owned or controlled by the Venezuelan Government. It is established a set of restrictions for PDVSA operations:
- PDVSA is prohibited from acquiring new debts with maturing of more than 90 days.
- The Venezuelan Government is prohibited from acquiring new debts with a maturity of more than 30 days.
- The Government is prohibited to obtain new stock shares.
- It is prohibited to carry out transactions on certain bonds issued by the Gov. of Venezuela before the entry into force of the Executive Order.
- The purchase of titles of the Government of Venezuela and the acquisition of debts with maturity of 30 or 90 days is prohibited.
- The payment of dividends or the distribution of profits to the Government of Venezuela by entities in the U.S. is prohibited - this particularly affects CITGO.
The White House declares that the new prohibitions were "carefully calibrated to deny the Maduro dictatorship a critical source of funding to maintain his illegitimacy."
"August 2017. Due to pressures from the U.S. Treasury Department, Euroclear - a company in charge of holding an important part of Venezuela’s sovereign bonds - freezes bonds transaction operations on the pretext of “revision”. ...
... Hence, Euroclear withholds more than 1,200 million USD, with no possibility of mobilization and seriously affecting the Republic financial availability. "
"09/05/2017. An association between Canada and the United States of America is created in order to “adopt economic measures against Venezuela and some people who actively contribute to the current situation in Venezuela."
"09/22/2017. The Canadian Government announces unilateral sanctions against 40 Venezuelan Officials"
"October 2017. The Deutsche Bank informs to China’s CITIC BANK the closure of the correspondent accounts for having executed PDVSA payments, in a clear display of pressure on international banks which maintain operations with Venezuela."
"Oct. 2017: Venezuela approves resources for vaccine and medicines through
the PAHO. The US blockade prevents Venezuela from doing deposits in the UBS Swiss bank, thus provoking a delay of four months in the acquisition of vaccines, altering vaccination schedules in the country."
"11/03/2017. Canada informs that “by virtue of the new Justice for Victims of Corrupt Foreign Officials Act”, Cynthia Freeland, Minister of Foreign Affairs has applied direct sanctions against a group of foreign citizens from Russia, Sudan and Venezuela (19
officials). "
"11/09/2017. The U.S. imposes sanctions against a group of Venezuelan officials for “undermining democracy, censoring the press and managing the corrupt government programs of food supply”. Despite of the “humanitarian” rhetoric (...)
(...) these coercive measures basically try to disable officials with high responsibilities - including those administering the food programs - preventing them from signing commercial or international agreements that are favorable for the Venezuelan food policy. "
"11/13/2017. The European Union prohibits weapons and other safety equipment sale to Venezuela; implements travel restrictions, freezing of funds and economic resources to a group of officials, blaming them of alleged human-rights violation and
“undermining democracy”"
"November 2017: The transnational Pharmaceutical companies Baster, Abbot and Pfizer refused to issue exportation certificates to cancer drugs, making it impossible for Venezuela to buy them"
"11/15/2017. The Deutsche Bank - which is the main correspondent bank of the Central Bank of Venezuela (BCV) - permanently closes the correspondent accounts of this institution putting at risk the Republic operations flow. "
"01/05/2018. The U.S. Department of Treasury – Office of Foreign Assets Control (OFAC) imposes sanctions on a group of Venezuelan officials, under the generic accusation of “corruption”. "
"01/22/2018. The European Union (EU) imposes sanctions on seven high Venezuelan officials, including the President of the electoral institution (CNE), and keeps them from enter the Union territory, under the generic accusation of “undermining democracy”. "
"01/29/2018. The Department of State affirms: “the pressure campaign against Venezuela is working. The financial sanctions that we have imposed (...) have compelled the Government to start going into default, both in sovereign debt and in PDVSA, its oil company. (...)
... What we see (...) is a total economic collapse in Venezuela. So, our policy works, our strategy works and we will continue to implement it.”
"02/12/2018. The U.S. Department of the Treasury – Office of Foreign Assets Control (OFAC) extends the financial sanctions to Venezuela and Venezuelan companies mentioned in Executive Order 13808 of August 2017. (...)
... The extension prevents the renegotiation or restructuring of the Venezuelan and PDVSA debt issued before August 25th, 2017. This measure aims at preventing the renegotiation process that Venezuela was conducting in cooperation with international creditors."
"03/02/2018. US extends for 1 year the Executive Orders 13692 and 13808. Executive Order 13808 imposes six new coercive measures that attack the Venezuelan financial stability by banning the debt restructuring or renegotiation and prevents the repatriation of CITGO dividends ...
... Subsequently, FinCEN issued an alert to financial institutions declaring that Venezuelan public transactions could be related to corruption, thus hindering the payment to suppliers of essential goods such as food and medicines; and
causing the retention of more than $1,650M"
"03/19/2018. US issues Executive Order 13827 which prohibits any citizen or institution from making transactions in the Venezuelan crypto currency Petro, in spite of the fact that it is still in the pre-sale stage and not officially traded on the crypto currency markets."
"Year 2018: The payment of 9 million USD through and international account from Venezuela, destined to the acquisition of dialysis supplies for the treatment of 15 thousand patients of hemodyalisis was blocked. Such treatment is ensured by Venezuela free of charge."
"05/21/18: The following day after the presidential election for the period 2019-2015, in which more than 9 million Venezuelans voted, Donald Trump issued a new decree extending economic sanctions against Venezuela, making it seemed like a punishment for such elections. ...
... The new executive order prevents any citizen, institution or U.S. company from acquiring Venezuelan debts or actives and properties belonging to the Venezuelan government in the United States, including those investments arising from Petróleos de Venezuela S.A. (PDVSA)."
"24/06/18: The EU Council approved sanctions against 11 high-ranked officials, including the Executive VP of the Republic, the VP of the economic area and the VP of the National Electoral Council, in reprisal for the presidential elections of May 20th."
01/11/2018 - President Trump Orders Sanctions on Venezuela Gold bloomberg.com/news/articles/…
The Venezuelan gold that is being stolen by the Bank Of England @bankofengland now accounts for $1.3 billion (around 31 tonnes) uk.reuters.com/article/us-ven…
11-DEC-2018: Part of Venezuela's $100 million payment to Rusoro Mining of Vancouver blocked by a Canadian bank due to concerns about violating U.S. sanctions - (Reuters)
JAN-2019: Lima Group Imposes Economic Sanctions on Venezuela venezuelanalysis.com/analysis/14207
It's time, once and for all, to stop the criminal sanctions and economic warfare targeting Venezuela, Cuba, Syria, Iran, DPRK, Sudan, Nicaragua, Russia, China and every country that does not bow to US and EU interests.
Said countries, please: Unite. Create instruments to help each other. Financially, economically, diplomatically.
How the US pressures small countries who refuse to join the bullying against Venezuela
AUG 2017 - Cantor Fitzgerald, one of Wall Street's biggest trading intermediaries, and its GFI Group and BGC Partners affiliates, told customers that trades in bonds issued by Venezuela and state oil company PDVSA are restricted. Their bonds have been removed from auctions.
AUG 2017 - Credit Suisse institutes trader ban on Venezuela bonds
PM of St Vincent & the Grenadines: "when you have some right wing people saying what a wonderful thing America is doing, squeezing Venezuela, no money, no foreign currency can pass to go to any of the banks, they don’t realise what they are supporting is to even hurt ourselves”
Alfred de Zayas, the first UN rapporteur to visit Venezuela for 21 years says US sanctions are killing citizens and recommended that the International Criminal Court investigate economic sanctions against Venezuela as possible crimes against humanity independent.co.uk/news/world/ame…
BREAKING: Washington has imposed sanctions against the Venezuelan state oil company PDVSA, seizing another $7 BILLION in assets rt.com/news/449994-us…
UPDATE: In addition to $7 billion in PDVSA assets in the US, the sanctions will affect $11 billion worth of exports over the coming year
SEPT. 2018 - Brazil says it cannot pay $40 million debt of electricity supplied by Venezuela because of US sanctions against Caracas
French oil and gas firm Total has evacuated its staff from Venezuela where its accounts have been blocked due to US sanctions, the company's chief executive said Thursday. france24.com/en/20190207-to…
Bulgaria freezes accounts of Venezuelan oil company PDVSA mundo.sputniknews.com/economia/20190…
Authorities of Spain prevented Iberia Airlines from transferring to Venezuela 200 thousand units of medicines for chronic diseases (such as hypertension) that a private company of Venezuela bought in Qatar. They block you and then offer "humanitarian aid".
FEB 2019 - Russian oil producer Lukoil's trading arm Litasco has stopped carrying out swap operations with Venezuela since U.S. sanctions were imposed on the Latin American country's state oil company in January
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