Venezuela's socialist leader offers olive branch to Trump while bashing him

Venezuela's socialist leader offers olive branch to Trump while bashing him

Credit Suisse barred its traders from transacting some Venezuelan government bonds and required other Venezuela-connected transactions to undergo a special review for reputational risk, a bank spokesman said on Thursday.

"Mr. Donald Trump, here is my hand", the socialist president said, adding that he wants as strong a relationship with the United States as he has with Russian Federation.

Venezuelan President Maduro has declared the constituent assembly the most powerful institution in the country, Deutsche Welle reports.

Maduro claims it will help reconcile and bring peace to the nation.

The measures freeze any USA assets of those designated and bar Americans from doing business with them.

The deals give Russian President Vladimir Putin an even stronger foothold in the Western Hemisphere's largest oil reserves and, potentially, a way to skirt US economic sanctions imposed as punishment for Moscow's election meddling and military intervention in Ukraine.

The elections are now scheduled for December, though a new, all-powerful constitutional assembly could still cancel the vote.

The assembly, which has been placed over the National Assembly, has been tasked with rewriting the constitution.

More than 125 people have died in violence since the opposition began a sustained wave of protests in April.

Peruvian President Pedro Pablo Kuczynski on Friday urged Venezuela's president Nicolas Maduro to step down, calling him a "dictator", and rejected the socialist leader's call for the two to meet face-to-face along with other presidents in the region. Laws passed by the new body will not need approval from Venezuela's traditional congress, which met on Wednesday to discuss the region's response to the new body. They said that the purchase of government bonds by funds managed by the bank was supporting President Nicolás Maduro, who has been the target of protests as the country suffers food and medical shortages amid an economic crisis.

Moscow and Caracas are also in talks for a separate oil deal that would allow Russian Federation to evade potential complications from us sanctions, Reuters reported in July.

The opposition coalition, a grouping of around 30 disparate parties called the Democratic Unity Roundtable, has been struggling with how to keep pressure on Maduro, whom it wants to see ousted through early elections.

The opposition also accuses the Caracas leader of resorting to political maneuvers in order to avoid triggering premature elections and gaining more power.

Despite this trove, the United Kingdom government has been volubly condemnatory of both the former government of Hugo Chavez, and Nicolas Maduro's current administration, in particular for their response to large-scale protests.

Related News: