US Imposes Sanctions on Venezuela’s State-run Gold Mining Co. 

Gold bars. Photo:

HAVANA TIMES – The US Treasury Department imposed sanctions against Venezuela’s state-run gold mining company, known as Minerven, the latest move by Washington to cut off the Venezuelan government’s finances, reports dpa on Tuesday.

According to the US government, mining and gold sales are a vital means of financial support for the government of President Nicolas Maduro. Minerven president Adrian Antonio Perdomo Mata was also hit by sanctions.

The United States is actively working to boost Juan Guaido, who declared himself interim president of Venezuela this year, and has imposed sanctions against a number of individuals, including Maduro and his inner circle, as well as the state-run oil company PDVSA.

“We will aggressively pursue those involved with Maduro’s reckless illicit gold trade which is contributing to this financial, humanitarian, and environmental crisis,” Treasury Secretary Steven Mnuchin said in a statement on Tuesday.

Venezuela is currently experiencing extreme blackouts as the electricity network falters. The opposition attributes the power cut to corruption and mismanagement, while Maduro blames it on US sabotage, an allegation Washington has denied.

The electricity woes come in addition to food, medicine and water shortages.

Among the key countries backing Maduro are Cuba, Iran, Turkey, Russia and China and they may all be impacted by the latest round of sanctions.

4 thoughts on “US Imposes Sanctions on Venezuela’s State-run Gold Mining Co. 

  • March 29, 2019 at 8:04 am

    United States government (not the people ) have turned into big corporations armed forces to raid plunder and pilage any other nations wealth at their will . Ignorant of international laws or sovereign constitutions. Ravenous Dogs.Da

  • March 21, 2019 at 10:01 am

    Trump is the best president for USA, we like him he has balls

  • March 20, 2019 at 8:01 pm

    Trump the biggest bullet in the whole world ..Someone has to stop him He is the worse president that USA Have had. Incoherent not diplomatic at all and uneducated.

  • March 19, 2019 at 2:58 pm

    What has the nVenezuelan people done to the mighty USA, other than to choose the Sicialist pathway to its development, so that all the inhabitants could enjoy the fruits of the land? But this is not what the 1945 United Nations Charter advocated? Who has authorized the USA to imose sanctions on the gold and oilm industry of Venezuela? The European Union has suggested that talks be held, because they are against armed force being used. Russia and the USA are to hold talks to discuss the situation in the country, so, why is the Bully of the world trying to bring Venezuela and President Maduro to their knees? The USA wants to bring Iran to its knees economically, it wants President Assad of Syria to be overthrown, it wants North Korea to dismantle its nuclear arsenal without reciprocating in some way, it want to overthrow President Ortega of Nicaragua because he plans to build a canal in his country which would give the USA Panama Canal Competition. Any conflict in the world today is instigated by the USA Is there a United Nations or has the USA turned itself into the United Nations? Where are the voices of the people of the world who belive in right and wrong? Every Nation is sovereign and has the RIGHT under the United Nations Charter to pursue the economic pathway best suited for its development. Under the capitalist system, the USA wants to keep people illiterate, oppressed, exploited, degraded living in squalour and devoid of access to proper medical care and housing. I hope that the world will rise up and lend its moral support to the Leaders of these countries under attack.

Comments are closed.