Considers Venezuela oil sale restrictions, sanctions, says US Secretary of State

U.S. Secretary of State Rex Tillerson is seen during a joint news conference at San Martin Palace in Buenos Aires

Considers Venezuela oil sale restrictions, sanctions, says US Secretary of State

United States Secretary of State Rex Tillerson has said that the usa is considering a ban on the import and export of oil products from Venezuela. "Is it a step that might bring this to an end more rapidly?"

Tillerson said the USA raised the possibility of oil sanctions as a way of punishing the regime of Venezuelan President Nicolas Maduro with Argentina officials on Sunday and when the secretary of state was in Mexico City.

In considering oil sanctions, the USA must also weigh concerns from Caribbean countries, which rely on cheap Venezuelan oil.

"While this trade has brought benefits, the unfair trading practices used by many Chinese have also harmed those countries' manufacturing sectors, generating unemployment and lowering wages for workers", the US Secretary of State said.

"With respect to Hezbollah, we also did speak today in our discussion about all of the region about how we must all jointly go after these transnational criminal organisations - narcotics trafficking, human trafficking, smuggling, money laundering - because we see the connections to terrorist financing organisations as well", Tillerson said.

U.S. President Donald Trump's emissary, who is promoting a military coup during his tour as a solution to the crisis in Venezuela, will visit Peru until Tuesday and will meet with President Pedro Pablo Kuczynski and Foreign Minister Cayetana Aljovín.

Venezuela's pro-government constitutional assembly last month ordered the presidential election to be held by the end of April - months ahead of when the country's presidential voting has traditionally taken place. "We have agreed that we must continue to join forces in this fight", Peru's Cayetana Aljovin said in a joint news conference with Tillerson.

The United States and Argentina announced on Sunday that they will cooperate closely to halt "Hezbollah's" financial networks in South America.

Argentine prosecutors believe Hezbollah and Iran were responsible for the 1992 bombing of the Israeli Embassy in Buenos Aires and the 1994 bombing of a Jewish community center that killed 85 people in Argentina's worst terrorist attack. The Peruvian foreign minister said last night that at the summit, "we will discuss issues of governability, democracy and the fight against corruption, but with concrete measures".

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