Although General License 3 excepts certain bonds from the prohibitions against dealing in PDVSA or other government bonds, including providing financing for or services in connection with such bonds, US Persons are not permitted to purchase any of the excepted bonds, directly or indirectly, from the government. Goodman acknowledged that the South American country is becoming "increasingly authoritarian", but didn't once describe the regime of President Nicolas Maduro as left-wing.
The move comes after the establishment of the National Constituent Assembly in Venezuela and the consolidation of power by President Nicolás Maduro.
"Sanctions against those who are vagrants, human rights violators, and looters of public resources will always have our support, in the absence of impartial justice in Venezuela", the communiqué read. No details of the attack were given.
On August 24, 2017, President Donald Trump issued an executive order effective August 25, 2017 imposing broad new sanctions to impair the Venezuelan government's ability to raise funds.
On Tuesday, Joshua Goodman of the Associated Press trumpeted that the economic "misery is likely to get even worse" in Venezuela due to new sanctions implemented by the Trump administration. He also cited an expert who asserted that possible additional sanctions might "throw Venezuela back to the stone ages".
The dictatorship's new strategy involves allying itself economically and commercially with BRICS - an association of five major "emerging economies", including Brazil, Russia, India, China and South Africa.
"The experience of history shows that outside interference or unilateral sanctions will make the situation even more complicated and will not help resolve the actual problem", Chinese Foreign Ministry spokesperson Hua Chunying said during a daily briefing on Monday.
The Bolivarian government declared Ortega as one of the main allies of the United States and the Venezuelan rightwing in the promotion of a plan of a coup d'état, that for over three months attempted against the country's peace and caused over one hundred persons assassinated, thousands of persons wounded and damages to government institutions and private businesses.
The journalist returned to the issue of the U.S. sanctions in the fifteenth paragraph of his article.