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LatinNews Daily - 18 April 2019

In brief: Venezuela

* US National Security Advisor John Bolton has announced that the US government will be imposing economic sanctions on Venezuela’s central bank (BCV) that will limit the BCV’s access to US dollars. Bolton said that the measures are part of the efforts by the US government led by President Donald Trump to ratchet up the pressure on the de facto Venezuelan government led by Nicolás Maduro to force him into abandoning office and to establish a transitional government tasked with restoring democracy in Venezuela. A statement by the US Department of the Treasury released after Bolton’s announcement explained that “the Treasury is designating the central bank of Venezuela to prevent it from being used as tool of the illegitimate Maduro regime, which continues to plunder Venezuelan assets and exploit government institutions to enrich corrupt insiders”. The announcement has been rejected as “illegal and immoral” by Maduro, who has nonetheless said that the BCV and his government will find ways to overcome all the sanctions imposed by the US.