Vice President Mike Pence is slated to announced Monday new sanctions on Venezuela during a speech to the Organization of American States, according to a Pence aide.
The expected sanctions would be significant and have a “real financial impact,” a source told Reuters.
Pence’s aide also said that in the vice president’s speech, it is expected he will call for a delay in Venezuela’s May 20 presidential election, which he called “fake elections.”
“Maduro Regime is planning fake elections in Venezuela this month. Elections must be free & fair,” Pence posted to Twitter. “I’m speaking at @OAS_Official to strengthen our critical alliances in the Western Hemisphere & call upon undemocratic actors to step up & reform.”
Maduro Regime is planning fake elections in Venezuela this month. Elections must be free & fair. I’m speaking at @OAS_Official to strengthen our critical alliances in the Western Hemisphere & call upon undemocratic actors to step up & reform. Watch LIVE: https://t.co/UUeMY4KUw5 pic.twitter.com/eWd1dj8Yll
— Vice President Mike Pence (@VP) May 7, 2018
President Trump’s administration has been considering new oil sanctions on one of the South American country’s oil services companies.
Pence’s expected announcement comes after oil prices hit their highest levels since 2014 on Monday.
President Trump’s administration has previously imposed financial sanctions on Venezuela and individual sanctions on socialist President Nicolas Maduro.
