Politics
16:45, 26-Aug-2017
Venezuelan president calls for emergency meeting with US oil buyers
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Venezuelan President Nicolas Maduro on Friday called for an "emergency meeting" with US buyers of the country's crude oil amid new sanctions imposed by the United States.
"I am calling on all US companies we sell oil to attend an emergency meeting, given the situation created by the decree," Maduro said in a televised statement.
The new US sanctions, signed on Friday, will prohibit dealings in new debt and equity issued by the government of Venezuela and its state oil company.
The financial sanctions did not mention cutting off US imports of Venezuelan oil, which could be critical to Venezuela's economy as well as US oil refiners.
This was the latest round of sanctions imposed by the Trump administration on the South American country after Venezuela held elections for the National Constituent Assembly at the end of July.
Source(s): Xinhua News Agency