Published: Thu, January 31, 2019
Markets | By Erika Turner

Court bars Venezuela's self-declared president Juan Guaido from leaving the country

Court bars Venezuela's self-declared president Juan Guaido from leaving the country

The move follows the unusual decision by the US and other nations last week to recognize the opposition leader of the National Assembly, Juan Guaido, as the interim president of Venezuela instead of Maduro, who was re-elected past year in an election widely seen as fraudulent.

Bolton's warning followed a request by the Maduro government's attorney general for the Supreme Court to bar Guaido from leaving the country and to freeze his assets.

For the PCPR, Juan Guaido's illegitimate self-proclamation as "interim president" of Venezuela, his immediate recognition by the United States, and the nearly unison voice of allied governments take on a particularly serious dimension due to the military threats involved.

"The regime has not acted against him in some time and I hope that is because they recognize that he has the support of the vast majority of Venezuelans and that would be an extremely foolish move for the regime to make", US Special Envoy said.

"My advice to bankers, brokers, traders, facilitators, and other businesses: don't deal in gold, oil, or other Venezuelan commodities being stolen from the Venezuelan people by the Maduro mafia".

"Over the past three or four years, as Venezuelan production has plummeted, we've seen a tightening of the heavy oil market and we think Canadians have benefited in that the price difference between light and heavy globally has tightened", he said. "We don't want to leave the country", he said.

"I am ready to sit down at the negotiating table with the opposition so that we can speak for the good of Venezuela, for the sake of peace and the country's future", the Russian news agency quoted Maduro as saying in an interview.

"Although the consequences are not direct, but they eventually will affect us somewhere down the road", he stated.

Regarding the possibility of inviting global mediators, Maduro said that "there are several governments and organizations in the world that demonstrate their honest concern about what is happening in Venezuela".

"We can't allow Venezuelan oil to be stolen", he said in a speech on state television.

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The US has thrown its weight behind opposition leader Juan Guaidó, who has declared himself as Venezuela's new president.

The White House has refused to rule out military action in the region, with Donald Trump's National Security Advisor John Bolton even photographed on Monday holding a notepad with the handwritten line: "5,000 troops to Colombia".

He added the threat of USA sanctions, including cutting off Venezuelan oil revenues, contributed to Maduro's apparent softening stance.

Guaido called on Venezuelans to mount a peaceful, two-hour, midday protest Wednesday "to demand that the armed forces side with the people".

Oil sanctions imposed by the United States are expected to severely hit an already battered Venezuela economy.

He did not outline any specific steps in support of Maduro's government.

The collapse of world energy prices, corruption and failed socialist policies have created an economic and humanitarian crisis in oil-rich Venezuela.

The opposition-controlled legislature, meanwhile, named "diplomatic representatives" to a dozen countries that, like the USA, have recognized Guaido as the interim president.

On Tuesday, Russia said it foresees that Venezuela will have problems repaying its debt, with Russian Deputy Finance Minister Sergei Storchak telling Russian media: "There will probably be problems ..."

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