In Economic Sanctions as Collective Punishment, Venezuela

Getty

Even though the EU has already placed sanctions on the elected government of Venezuela, it has now announced its opposition to U.S. attempts to extend the sanctions ‘extraterritorially’.

Published on TeleSUR, Aug 7, 2016
______________________________________________

“We oppose the extraterritorial application of unilateral measures.”

The European Union said Wednesday it rejected new moves by the White House to impose a total blockade on Venezuela. Though the EU has also placed sanctions on the elected government of Venezuela, they oppose U.S. attempts to extend the sanctions ‘extraterritorially’.

“We oppose the extraterritorial application of unilateral measures,” said EU spokesperson Carlos Martin Ruiz de Gordejuela, spokesperson for the EU Humanitarian Aid and Crisis Management & International Cooperation and Development.

The comments were made in reference to this week’s U.S. measures, issued as part of an executive decree, that formally extend sanctions outside Venezuela, to include Venezuela’s public assets in the United States.

Gordejuela also said the EU believes that the solution must be found through elections in “the shortest possible term”. The EU has also taken a different approach to the U.S. on the issue of the peace talks between the government and opposition that are being sponsored by Norway.

Gordejuela said the European bloc hopes the talks are successful and would refrain from further sanctions if the two sides in Venezuela reached an agreement.

Meanwhile, the U.S. approach is one where Washington seeks to place further sanctions as a means of destabilizing the talks.

The comments represent a small change in rhetoric, which has so far been supportive of the U.S. attempts at regime change in Venezuela. The EU has applied its own sanctions, and its appointed chiefs voiced their support for self-declared lawmaker Juan Guaido.

The EU’s position comes as yet another difference between the EU and the U.S., adding to a number of issues, including the Iran nuclear deal, which the EU helped draft and which the U.S. has unilaterally withdrawn from.

Another area of contention has been the U.S. insistence that European countries abolish their taxes on big tech companies, many of whom are U.S. based corporations. The White House has threatened France with trade tariffs if they failed to do so and told the U.K. that there would be no trade deal if the U.K. didn’t scrap the tax.

In June, Russian President Vladimir Putin urged Europe to recognize the huge economic cost that U.S. sanctions have had on European countries and their ability to trade internationally, placing the cost to Europe at over US$200 billion since 2014.

*****

EDITOR’S NOTE: We remind our readers that publication of articles on our site does not mean that we agree with what is written. Our policy is to publish anything which we consider of interest, so as to assist our readers in forming their opinions. Sometimes we even publish articles with which we totally disagree, since we believe it is important for our readers to be informed on as wide a spectrum of views as possible.

Recent Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Start typing and press Enter to search

Translate »