US rules out sanctions on Venezuela
US State Department spokesman Patrick Ventrell said, "We have continued to have our economic and commercial relationship with Venezuela despite some of the ups and downs of the relationship over time"
"That's not something that we're currently contemplating at this moment," US State Department spokesman Patrick Ventrell said. Reference was made to US sanctions on Venezuela. His comments came in a daily press briefing on Tuesday, EFE cited.
The statement came in response to declarations on Monday by Venezuelan Foreign Minister Elías Jaua, who said that the Venezuelan Government would respond to any US sanction by taking actions in trade and energy.
"I'm not aware of any particular effort afoot in terms of sanctions in Venezuela at this point," Ventrell told journalists.
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.