Venezuela's self-proclaimed president Guiado speaks with Trump

Venezuela's self-proclaimed president Guiado speaks with Trump

The United States is Venezuela's largest crude importer, ahead of India and China, but the new measures limit transactions between US companies and state oil company PDVSA.

USA efforts to block Venezuelan President Nicolas Maduro's access to money and oil markets are pressing the authoritarian leader to sit down at the negotiating table, President Donald Trump said Wednesday.

Maduro willing to negotiate with opposition in Venezuela following United States sanctions and the cutting off of oil revenues.

"Presidential elections in Venezuela have taken place, and if imperialists want new elections let them wait until 2025", Maduro told RIA.

A host of nations led by the USA has rallied around Guaido, while multiple European nations urged Maduro to call elections by February 3.

Venezuela's President Nicolas Maduro holds a copy of the Venezuelan constitution while he speaks during a meeting with members of the Venezuelan diplomatic corp after their arrival from the United States, at the Miraflores Palace in Caracas, Venezuela, Jan. 28, 2019. The embattled Venezuelan leader stated that Washington can not use the same pretext to invade Venezuela as it did to justify the 2003 invasion of Iraq, so it is spreading new falsehoods about his government in hopes that something will tip the balance.

"This certification will help Venezuela's legitimate government safeguard those assets for the benefit of the Venezuelan people", State Department spokesman Robert Palladino said in a statement.

Russia's investment contracts in Venezuela will be revised if President Nicolas Maduro cedes power to the opposition, political analyst and consultant in Venezuela Dimitris Pantulas told TASS.

Maduro's reelection a year ago was disputed by the opposition, and criticised internationally - but the socialist leader has until now retained the loyalty of the powerful military.

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Venezuela's self-styled leader has called on the Bank of England to block the sale of £1billion in gold to the troubled South American country.

The U.S. State Department issued a "do not travel" advisory Tuesday to Americans traveling to Venezuela amid rising tensions. Some 3 million Venezuelans have left the country amid food shortages and hyperinflation. The government is eager to blame Guaido for the measures, which, once they begin to bite, could diminish his popularity.

Venezuela's Supreme Tribunal of Justice on Tuesday imposed a travel ban on opposition leader Juan Guaido and froze his bank accounts, the president of the court said.

Last week, a group of soldiers rose up against Maduro.

Maduro called the U.S. sanctions "criminal" and vowed to challenge them a U.S. in court.

The UN human rights office said security forces in Venezuela detained almost 700 people in just one day of anti-government demonstrations last week - the highest such tally in a single day in the country in at least 20 years.

In a tweet on Wednesday, Trump warned US citizens against traveling to Venezuela, given the unrest.

It said more than 40 people are believed to have been killed.

Maduro, seeing the Trump Administration publicly move against him, took to Twitter on Wednesday to directly appeal to the American people: "I ask for your support in order to reject the interference of Donald Trump's administration which intends to turn my Homeland into a "Vietnam war" in Latin America".

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