Daily Management Review

Mercosur wants to oust Venezuela from the block


07/31/2017


Countries of the South American trading block Mercosur may exclude Venezuela from its membership because of elections to the National Constituent Assembly, Paraguayan Foreign Minister Eladio Loizaga said.



María Alejandra Mora
María Alejandra Mora
Venezuela’s membership in the trading block was temporarily suspended in December 2016 after the corresponding decision of other participants of Mercosur, as the country did not comply with the norms of the organization.

According to Loizaga, Mercosur countries should meet and take appropriate measures. They will discuss termination of powers of Caracas, "which is applied to the member state for destruction of the democratic system and the rule of law."

As the Minister of Foreign Affairs of Paraguay stressed, Argentina, Brazil, Paraguay and Uruguay intend to wait for a response from the Venezuelan authorities regarding a possible dialogue with the opposition until July 31 at most.

At the same time, Loizaga is sure that Mercosur countries will not receive a response from the official authorities of Venezuela, "because they do not recognize everything that Mercosur is doing, but what we are doing is in the legal field," the official said.

The National Constituent Assembly, convened by President of Venezuela, Nicolas Maduro, will prepare changes to the country's constitution. The opposition, which has a majority in the country's parliament, opposes such a state of affairs, since, in its opinion, this issue should be decided in a referendum.

In the meantime, Washington is going to impose sanctions on Venezuela in response to the elections to the National Constituent Assembly, Reuters reports citing US officials

According to the agency, sanctions measures can affect supplies of American crude oil, with which Caracas dilutes its own heavy oil with higher density, and later sends the mixture for export. In addition, high-ranking officials may be subject to sanctions.

The United States has already imposed sanctions against Venezuelan officials for "undermining democracy," "violence and repression," and also because of "ties with corrupt state structures." Venezuelan President Nicolas Maduro awarded officials under sanctions, giving them the sabers of the national hero of the country, Simon Bolivar.

Note that in recent years, Venezuela is experiencing an acute economic crisis. For a long time, there has been a shortage of food, medicines and other essential goods.

source: reuters.com






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