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New US sanctions against Caracas pose no risks for Russia-Venezuela cooperation: Maduro
International

New US sanctions against Caracas pose no risks for Russia-Venezuela cooperation: Maduro

Agency News

Caracas, Jan 30: New US sanctions against Venezuelan state-owned PDVSA energy company pose no risks for cooperation of Venezuela and Russia, country's President Nicolas Maduro told Sputnik in an interview.

"There are no [risks], because Russia is an independent and sovereign state. Russian enterprises are very powerful and they possess own engineering staff, finance, logistics. PDVSA is an enterprise of the sovereign state. [Russia and Venezuela] are two sovereign states that do business, invest and implement huge oil production projects. Everything will be fine, it is protected by armor — business between Russia and Venezuela in oil and gas sector," Maduro said.

On Monday, the United States blocked all assets of PDVSA in its jurisdiction and imposed ban on deals with the company. US Treasury Secretary Steven Mnuchin told reporters that by blocking PDVSA assets, the United States takes care of this company in the interests of the people of Venezuela and also takes measures to protect its own market.

The situation in Venezuela, which has been reeling from a political crisis amid the opposition's refusal to recognize last year’s re-election of Maduro, significantly escalated last week when the opposition-controlled National Assembly declared the president a usurper. The very next day, the assembly's president, Juan Guaido, proclaimed himself Venezuela's interim president. The United States and other countries swiftly recognized him as the country's leader. (UNI)