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US seeks to cut off money for Venezuela's Maduro, aid opposition

Updated : January 25, 2019 06:45 AM IST

Although short on details, the announcement signals that Washington is willing to go beyond traditional diplomatic measures and will seek to drain cash from Nicolas Maduro's government, which is already struggling under an unprecedented economic meltdown.
Washington's support for Guaido prompted Maduro, Venezuela's leader since 2013, to break relations with the United States. On Thursday, he said he was closing Venezuela's embassy in Washington as well as all of the country's consulates in the United States.
The European Union, which has imposed sanctions on Maduro's government, noted that Venezuelans had "massively called for democracy and the possibility to freely determine their own destiny," but stopped short of recognising Juan Guaido.
US seeks to cut off money for Venezuela's Maduro, aid opposition

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