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Venezuelan real salary has fallen 89.9% by March

Wednesday, May 3, 2017

US May Impose New Sanctions on Venezuela Amid Maduro’s Initiative

The United States may consider imposing new sanctions against Venezuela amid a decision by President Nicolas Maduro to convene a citizens’ assembly to write a new constitution, US Deputy Assistant Secretary of State for Western Hemisphere Affairs Michael Fitzpatrick told reporters on Tuesday. Maduro signed an order on Monday calling the citizens assembly, claiming that a new constitution was needed to stop the opposition-led National Assembly from carrying out a coup. Maduro pointed out that the citizens assembly must be implemented immediately. He cited the articles 347, 348 and 349 of the Venezuelan constitution, which, he claimed, gave the president the authority to call such an assembly. More…

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