Canada to impose sanctions on Venezuela's Maduro and top officials

Reuters News
Posted: Sep 22, 2017 3:27 PM

By David Ljunggren

OTTAWA (Reuters) - Canada will impose targeted sanctions against forty Venezuelan senior officials, including President Nicolás Maduro, to punish them for "anti-democratic behavior", the foreign ministry said on Friday.

Canada's move, which follows in the wake of a similar decision by the United States, comes after months of protests against Maduro's government in which at least 125 people have been killed. Critics say he has plunged the nation into its worst-ever economic crisis and brought it to the brink of dictatorship.

"Canada will not stand by silently as the government of Venezuela robs its people of their fundamental democratic rights," Foreign Minister Chrystia Freeland said in a statement.

The measures include freezing the assets of the officials and banning Canadians from having any dealings with them.

The actions were "in response to the government of Venezuela's deepening descent into dictatorship", Canada said.

The Maduro government has set up a pro-Maduro legislative superbody called a Constituent Assembly that has overruled the country's opposition-led Congress. The government faces widespread public anger about triple-digit inflation and chronic shortages of basic goods.

Maduro has said he faces an armed insurrection designed to end socialism in Latin America and let a U.S.-backed business elite get its hands on the OPEC nation's crude reserves.

The United States imposed sanctions on Maduro in late July and has also targeted around 30 other officials.

The Canadian measures - imposed under the Special Economic Measures Act - name Maduro, Vice President Tareck El Aissami and 38 other people.

These include Interior Minister Nestor Reverol, Defense Minister Vladimir Padrino, several Supreme Court judges, national elections director Tibisay Lucena and prominent former ministers Iris Varela and Elias Jaua.

Canada is a member of the 12-nation Lima Group, which is trying to address the Venezuelan crisis. A government official said Freeland wanted to host a meeting of the group within the next 60 days.

Canadian Prime Minister Justin Trudeau said on Thursday he believed there was a chance for a political solution.

"This is a situation that is obviously untenable. The violence ... needs to end and we are looking to be helpful," he told reporters at the United Nations.

Experts say individual measures have had little or no impact on Maduro's policies and that broader oil-sector and financial sanctions may be the only way to make the Venezuelan government feel economic pain.

U.S. President Donald Trump last month signed an executive order that prohibits dealings in new debt from the Venezuelan government or its state oil company.

Earlier this month Spain said it wanted the European Union to adopt restrictive measures against members of the Venezuelan government.

(Reporting by David Ljunggren, Editing by Rosalba O'Brien)