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U.S. May Consider New Venezuela Sanctions as Crisis Deepens

The U.S. may consider new sanctions against Venezuela in response to President Nicolas Maduro’s announcement that he will seek to rewrite his country’s constitution.

The Venezuelan government has “decided once again to change the rules of the game in mid-play,” Michael Fitzpatrick, U.S. deputy assistant secretary for Western Hemisphere Affairs, said Tuesday on a reporter call. “The actions that were taken yesterday may well give us new reasons for considering additional individualized sanctions under the Venezuela Democracy Act of 2014.”

Maduro on Monday called for a citizens assembly to draft a new constitution, in a move that was internationally condemned as an “illegal power grab” to circumvent the opposition-led National Assembly legislature.

read more at bloomberg.com

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