The United States on Friday signaled it was ready to step up economic measures to try to drive Venezuelan President Nicolas Maduro from power as some U.S. diplomats left the embassy in Caracas and Russia vowed to back its socialist South American ally.
Venezuela’s leftist leader Nicolas Maduro won a new six-year term on Sunday, but his main rivals disavowed the election alleging massive irregularities in a process critics decried as a farce propping up a dictatorship.
U.S. President Donald Trump signed an executive order that prohibits dealings in new debt from the Venezuelan government or its state oil company on Friday in an effort to halt financing that the White House said fuels President Nicolas Maduro’s “dictatorship.”
