Venezuela crisis: Trump plans to SIEZE Nicolas Maduro's wealth, risking infuriating Russian Federation

Venezuela crisis: Trump plans to SIEZE Nicolas Maduro's wealth, risking infuriating Russian Federation

"The intention of the United States is to orchestrate a coup d'etat", said Russia's UN ambassador Vassily Nebenzia.

"No, my commander-in-chief", they shouted in unison, and Maduro responded: "We're ready to defend our homeland - under any circumstance".

Nicolas Maduro's election to a six-year presidential term last year has been widely criticized as a fraud created to keep him and his military allies in power despite the country's years-long spiral into misery and hunger.

Venezuelan President Nicolas Maduro oversaw a display of the army's Russian hardware on Sunday, with anti-aircraft flak and tank rounds pounding a hillside to show military force and loyalty.

Countries around the world have recognised Guaido as Venezuela's rightful leader, and the United States vowed to starve Maduro's administration of oil revenue after he was sworn in January 10 for a second term that was widely dubbed illegitimate.

The US Treasury Department announced Monday new measures to cut off the financial resources of Venezuelan President Nicolas Maduro and redirect them to self-proclaimed country's interim President Juan Guaido. Last week, Guaido declared Maduro's rule illegitimate and declared himself Venezuela's leader. "It's that simple, especially when it comes to Venezuela".

Both Russia and China are major creditors of Venezuela. "I sent many messages to Donald Trump", he said in the CNN Turk interview. "This is the moment to be on the constitution's side, it's not a moment of fear, it's not time to step back, it's not time to disrespect the Venezuelan people", he said.

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Guaido said opposition sympathizers should take to the streets on Wednesday to pass out copies of a pamphlet proposing amnesty that would give some legal protection to members of the military in hopes they will turn against Maduro.

In Paraiso, an area of Caracas where residents and the National Guard violently clashed, opposition lawmaker Ivlev Silva, his hands raised over his head, walked up to a line of soldiers wearing riot gear and holding shields. "Venezuela wants peace", he said.

Opposition followers - some shouting "Soldier friend, you're the only one missing" - handed out leaflets describing the amnesty plans at military and police posts. A source told Axios: "The implications are huge because it will be hard for Maduro to find another refiner of Venezuelan oil with any speed to keep cash flowing".

In a sign that output could rise further, U.S. energy firms last week raised the number of rigs looking for new oil for the first time in 2019 to 862, an additional 10 rigs, Baker Hughes energy services firm said in its weekly report on Friday.

He also vowed to crack down on those responsible for the killings, which he called a "massacre", saying in a Twitter post that he wanted to bring global attention to members of the armed forces, prosecutors and judges linked to the recent deaths.

The Trump administration has maintained that all options remain open if Maduro refuses to cede leadership, acting White House chief of staff Mick Mulvaney said on Fox News Sunday.

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