SPONSORED:

Bolton warns governments, companies that deal with Venezuela to use 'extreme caution'

Bolton warns governments, companies that deal with Venezuela to use 'extreme caution'
© UPI Photo

National security adviser John BoltonJohn BoltonPressure grows from GOP for Trump to recognize Biden election win Sunday shows - Virus surge dominates ahead of fraught Thanksgiving holiday Bolton calls on GOP leadership to label Trump's behavior 'inexcusable' MORE on Tuesday warned foreign governments and companies of retaliation in the U.S. if they continue to do business with Venezuelan President Nicolas Maduro's government.

“The Maduro regime now joins that exclusive club of rogue states,” Bolton said at a conference in Peru of more than 50 governments aligned against Maduro, according to The Associated Press.

“We are sending a signal to third parties that want to do business with the Maduro regime: Proceed with extreme caution,” he continued. “There is no need to risk your business interests with the United States for the purposes of profiting from a corrupt and dying regime.”

ADVERTISEMENT

Bolton's speech came a day after the White House froze all Venezuelan government assets in the U.S.

That designation puts the South American country on a short list of U.S. adversaries, including Cuba, North Korea and Iran, that have been targeted by such aggressive financial measures.

While the sanctions do not effect Venezuela's private industry, foreign entities doing business with Maduro can receive secondary sanctions.

In a letter to Congress accompanying the sanctions announcement, President TrumpDonald John TrumpFederal watchdog accuses VOA parent company of wrongdoing under Trump appointee Lawsuit alleges 200K Georgia voters were wrongly purged from registration list Ivanka Trump gives deposition in lawsuit alleging misuse of inauguration funds MORE cited “the regime's human rights abuses, arbitrary arrest and detention of Venezuelan citizens, curtailment of free press, and ongoing attempts to undermine Interim President Juan Guaido of Venezuela and the democratically-elected Venezuelan National Assembly.”

The U.S., and the other governments at the Peru conference, in January recognized National Assembly leader Juan Guaidó as Venezuela's interim president.

Guaidó and his camp allege that Maduro's last election was illegitimate.

The opposition has yet to successfully topple Maduro, despite U.S. backing.