U.S. warns of 'serious consequences' after Venezuela moves against Guaido

Inflation rate of 10,000,000% Why this country's president is making headlines

Reuters

The US and more than 20 countries have recognised opposition leader Juan Guaidó as interim president.

"So when there is a recognition that the company is the property of, the rightful rulers, the rightful leaders, then indeed that money will be available to Guaido".

Guaido's gambit has quickly divided world opinion; some like the United States are fully supporting the opposition leader as de jure president, while the European Union is calling for new elections within eight days, disregarding last year's presidential election which was boycotted by the opposition.

The United States and many Latin countries recognize Guaido as president. Washington later said that it would conduct diplomatic relations through the government of "interim president". At times, the USA has also imposed sanctions on Iraq and Libya.

Bolton may have inadvertently revealed the Trump administration's next move against Venezuela when photographers captured a note on a legal pad that clearly read: "5,000 troops to Columbia".

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

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United Nations Secretary-General Antonio Guterres, meanwhile, offered to step in, saying he could provide "good offices to facilitate dialogue and negotiation between the parties".

Valero said in an email that it plans to comply with the sanctions and will re-optimize its crude supply to minimize any resulting impacts.

Guaido is offering amnesty to soldiers who back democracy and reject the current Maduro government.

President Donald Trump formally recognized Guaido as the legitimate leader of the nation, causing dozens of countries to follow suit.

"I have given specific instructions to the head of PDVSA to launch political and legal action, in USA and worldwide courts, to defend the property and assets of Citgo", PDVSA's US-based subsidiary, Maduro said on state television.

As of Monday, all PDVSA assets and property subject to USA jurisdiction are blocked, according to a Treasury statement, and US citizens and companies are generally prohibited from doing business with the Venezuelan firm.

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As a lawmaker who heads the National Assembly, Guaido has immunity from prosecution unless ordered by a top court.

U.S. Secretary of State Mike Pompeo speaks at the U.N. Security Council at the U.N Headquarters, Jan. 26, 2019.

China on Tuesday warned that the United States should bear responsibility for the consequences of its sanctions on Venezuela, in the wake of Washington's sanctions on the South American's vital oil exports.

"We are here, we will keep acting and working to confront the humanitarian crisis", he told a news conference in Caracas.

Opposition leaders have called for anti-government demonstrations this week.

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