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.
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.