‘Alert Venezuela!’ Maduro says US stealing oil revenue

Venezuelan President Nicolas Maduro has lashed out at the United States over new unilateral sanctions imposed on the Latin American country’s oil sector, vowing to take legal action in response to the move.

The administration of US President Donald Trump announced a new round of sanctions against oil firm Petroleos de Venezuela (PDVSA), in order to funnel income from the country’s main oil exporter into the hands of opposition leader Juan Guaido.

Guaido, who declared himself “interim president” last week, was immediately recognized as Venezuela’s rightful leader by Washington and its allies.

In a live national broadcast on Monday, Maduro said Washington “intend[s] to steal the company Citgo from all Venezuelans,” referring to the PDVSA’s US subsidiary, which Guaido also has an eye on.

“(Be on) alert Venezuela, the United States today has decided to go down the path of stealing the company Citgo from Venezuela and it’s an illegal path,” he said.

Maduro also described the sanctions as “illegal, unilateral, immoral, (and) criminal.”

He said that the firm is “already studying [legal counter-]actions and we from PDVSA will take all the legal, political, operative, technical, and commercial measures to defend the interests of Venezuela in the United States.”

The Venezuelan president also vowed to “give the necessary, symmetrical and forceful response to defend the interests of Venezuela, at the right time.”

Citgo Petroleum operates three refineries in the US.

Only moments before the announcement of the sanctions, Guaido said he had ordered the opposition-controlled Venezuelan National Assembly — which is not recognized by the state — to nominate executive boards for PDVSA and Citgo to “guarantee that Citgo continues to be for Venezuelans.”

“From this moment forward we are beginning to take progressive and orderly control of our republic’s assets abroad,” Guaido wrote in a statement on his Twitter account.

In his Monday broadcast, Maduro also warned Trump against attempting to topple his government, saying that the US president would be held responsible for any violence that would erupt in the country as a result.

“You are the one responsible even though you don’t show your face,” Maduro said. “You are responsible even though you send [National Security Adviser] John Bolton, [Secretary of State] Mike Pompeo, [Vice President] Mike Pence.”

“You will have your hands full of blood if you bring Venezuela to partial or generalized violence,” Maduro said.

Bolton said at a briefing on Monday that the sanctions would cost Caracas $11 billion in lost export proceeds over the next year and block Maduro from accessing PDVSA assets worth $7 billion. Maduro in response accused Bolton of openly calling for a coup from Washington.

EA