Venezuela Secures Contracts For New Oil Sales Despite US Sanctions - Foreign Minister Jorge Arreaza

Venezuela Secures Contracts for New Oil Sales Despite US Sanctions - Foreign Minister Jorge Arreaza

Caracas is already selling its oil that was meant for sale in the United States to other countries following Washington's sanctions, Venezuelan Foreign Minister Jorge Arreaza said during an interview on Monday

WASHINGTON (Pakistan Point News / Sputnik - 25th February, 2019) Caracas is already selling its oil that was meant for sale in the United States to other countries following Washington's sanctions, Venezuelan Foreign Minister Jorge Arreaza said during an interview on Monday.

"We already have new contracts with some other countries," Arreaza told Democracy Now. "I am not going to name them, because then Mr. Bolton threatens them. Immediately when he knew that we had some negotiations with one of the Asian countries, he threatened that country. And he said that they wouldn't be forgotten. So I have to be careful here, but we are already selling our oil that meant to come to the US, it's being sold to other countries in the world."

The United States has imposed numerous rounds of sanctions on Venezuela and has also seized the country's assets. In January, Washington blocked around $7 billion in assets belonging to Venezuela's state oil firm PDVSA and began transferring control over them to the president of the opposition-controlled National Assembly Juan Guaido.

On January 23, Guaido declared himself the country's "interim president." Maduro, who was sworn in for his second presidential term on January 10 after winning the May election, which part of the opposition boycotted, qualified Guaido's move as an attempt to stage a coup that Washington had orchestrated.

The United States immediately recognized Guaido, after which 50 other countries, including Germany, followed suit. Russia, China, Cuba, Bolivia and a number of other states have, in the meantime, voiced their support the legitimate government of Maduro.