Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Friday, July 5, 2019 10:41:01 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Venezuela says U.S. sanctions hit debt refinancing, oil sales

By
06th-Jul-2019       
Comments
Share your thought
Post a comment »
Read all () »

Reuters, Geneva  :
Venezuela charged on Friday that U.S.-led sanctions had stopped foreign debt refinancing, blocked vital food and medicine imports, and cost billions of dollars in lost oil assets.
Vice foreign minister William Castillo also rejected censure by United Nations human rights chief Michelle Bachelet and denied there was a humanitarian crisis in the leftist-led OPEC member state whose economy has imploded.
President Nicolas Maduro's government says Venezuela is the victim of a U.S. plot to topple him, eradicate socialism and hand the world's largest oil reserves to multinationals.
But President Donald Trump's government calls him an illegitimate dictator and has recognized opposition leader Juan Guaido as interim ruler, slapping layers of sanctions on the oil sector and Maduro allies.
"Today the United States has confiscated some $30 billion in (state oil company) PDVSA assets while 40 banks are holding onto some $5.4 billion, preventing Venezuela from purchasing food and medication," Castillo told the U.N. Human Rights Council in Geneva.
"Venezuela can't refinance its debt and oil tankers and businesses are being punished," he added, saying oil export income had plummeted from $40 billion per year to $5 billion.

The South American country has debts worth around $200 billion to a diverse group of bondholders, commercial suppliers and companies whose assets were expropriated.
With defaults mounting, creditors are reluctant to negotiate a restructuring due to the U.S. sanctions.
Bachelet's report, which followed her visit to Caracas in June, said Venezuelan security forces were sending death squads to murder young men.
Castillo said Venezuela rejects such "criminal accusations".
"Beyond the certain occasional excess, it would seem that the state is expected to sit still while serious security risks and a coup d'etat are being planned including foreign intervention as President Trump has threatened," he said.
Venezuela's crisis has seen waves of protests that have often turned deadly in recent years. Four million Venezuelans have fled their homeland, all but 700,000 of them since the end of 2015, U.N. aid agencies say.
Feliciano Reyna, head of a coalition of activist groups, told the council democracy was disintegrating in Venezuela.
"The dismantling of the state and the breakdown of the state give rise to widespread human suffering, social violence and state policies that have closed down freedom of expression, association, peaceful assembly, and give rise to repression, arbitrary detention, torture and extrajudicial killings."

Tariff
Add Rate

News Archive

Inside The New Nation

Cricket »

Fizz well placed to be fourth fastest to 100 ODI wickets


Mustsfizur Rahman's inconsistency raised a concern whether he could claim his 100 wickets in this World Cup but the fast bowler's epic performance against India in the previous match quelled that tension.Having started the tournament with 17 wickets shy to reach the three-figure mark, Mustafizur Rahman so far took 15 ...

International »

N Korea says US 'hell-bent' on sanctions despite Trump-Kim meet


AFP, United Nations :North Korea has accused the US of being "hell-bent on hostile acts" just days after the countries' leaders agreed to resume denuclearization talks.US President Donald Trump and North Korean leader Kim Jong Un held an impromptu summit on North Korean soil on Sunday, where they smiled and ...

International »

Putin signs bill suspending participation in nuclear treaty


AP, Moscow  :President Vladimir Putin has signed a bill suspending Russia's participation in a pivotal nuclear arms treaty.Putin's decree, released on Wednesday, formalizes Russia's departure from the 1987 Intermediate-Range Nuclear Forces treaty with the United States following Washington's withdrawal from the pact.The U.S. gave notice of its intention to withdraw ...

Editorial »

Contamination and adulteration: Now it's DWASA's turn


A new joint study has found bacteria and other contaminations in water supplied by the Dhaka Water Supply and Sewerage Authority at several source points. The study was carried out by ICDDR,B, Bureau of Research, Testing  and Consultation of the Bangladesh University of Engineering and Technology and Dhaka University's Microbiology ...

Entertainment »

Jaya Ahsan represents Bangladesh in cricket World Cup


Enetrtainment Report :Jaya Ahsan recently visited England as a representative of the Bangladesh cricket team in the ongoing cricket World Cup. She has been seen in several matches, especially the ones played by Bangladesh. Though she had to return to Bangladesh for work commitments in between, she took a flight ...

City »

Tania Akhter, wife of missing Ataur Rahman Shahin speaking at a press conference in DRU auditorium on Wednesday demanding whereabouts of her husband.


Cricket »

I wanted to win the match and to be the hero: Saifuddin


India, as the second team after Australia, sealed the semi-final spot in the ICC Cricket World Cup 2019.It was not a last over thriller - but it was agonizing indeed for Bangladesh fans, once again they cast out from a big competition with a narrow defeat against India, this time ...

International »

EU, France, Germany and UK urge Iran to reverse uranium decision


AFP, Brussels :The diplomatic chiefs of the EU, France, Germany and Britain said Tuesday they were "extremely concerned" and urged Iran to reverse its decision to breach a limit on enriched uranium reserves under a 2015 nuclear deal."We urge Iran to reverse this step and to refrain from further measures ...

International »

Trudeau promises support for Ukraine in wake of Russian 'aggression'


AFP, Toronto :Canadian prime minister Justin Trudeau promised Tuesday to support Ukraine in the wake of Russian "aggression," after a meeting with Ukrainian president Volodymyr Zelensky in Toronto.The two leaders met while Zelensky was in Toronto on his first visit to North America to participate in a conference on Ukrainian ...

Business & Economy »

Tesla delivers record number of electric cars in quarter


Reuters, San Francisco :Tesla Inc set a record for quarterly vehicle deliveries in a triumphant response to months of questions about demand for its luxury electric cars, sending shares up 7% after hours on Tuesday.Tesla did not comment on profit - which is still elusive - but the robust deliveries ...

Campus Life »

2nd round of Int'l Leadership programme held


Campus Report :The second round of the International Leadership Program on Education (ILPE), dubbed as 'Intensive Leadership Training Round', specifically comprising of the students of Bangladesh Cadet Colleges was held at two different venues on Sunday. Thousands of cadets who are currently prosecuting their studies in the cadet colleges of ...

Entertainment »

Nadia as judge of two contests


Sheikh Arif Bulbon :Popular TV actress, host and dance artiste Nadia Ahmed has already garnered admiration from the viewers by virtue for her performances in various fields. She will be seen as a judge in the upcoming reality show of RTV titled Campus Star. With an aim to discover talented ...

Entertainment »

Khandaani Shafakhana will make people think: Sonakshi Sinha


Actress Sonakshi Sinha says her forthcoming project Khandaani Shafakhana will make people think why sex still remains a taboo in the society.  Directed by Shilpi Dasgupta, Khandaani Shafakhana depicts the journey of a young girl who inherits her dead uncle’s sex clinic in Punjab. “On hearing the film’s one-line pitch ...

Cricket »

Rohit Sharma (100) has brought up his fourth World Cup 2019 century and 26th overall in ODIs. He reached the mark with a single on the last delivery of the 29th over by Shakib Al Hasan.


Entertainment »

'Parineeta' trailer to release on July 4


Raj Chakraborty's upcoming romantic drama 'Parineeta' starring his wife Subhashree Ganguly and Ritwick Chakraborty in the lead has already hooked the audience with the release of two of its emotionally drenched posters. And now here's a piece of good news for all those who are eagerly waiting for the film. ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news