In Venezuela once again extended the state of emergency in the economy due to «financial blockade of the United States»

© RIA Novosti / Dmitry Znamenskiye. Archival photoIn Venezuela once again extended the state of emergency in the economy due to «financial blockade of the United States»© RIA Novosti / Dmitry Znamenskiy

The Venezuelan government has again extended the state of emergency in the country’s economy for another 60 days due to «financial blockade of the United States,» according to a published in the Gaceta Oficial publication of the text of the decree of the President Nicolas Maduro.

«The US imposed a financial blockade… aimed at undermining the functioning and management of the national oil company of the country (PDVSA)… negative impact on the population of Venezuela and its main source of income in order for the Executive to take prompt, decisive, exceptional and necessary measures to ensure the full implementation of the rights of citizens, the preservation of internal order, ensure timely access to goods, services, food, medicines and other basic products,» — said in a statement

This is the ninth extension of the emergency in the economy, introduced in January 2016. This tool allows the President to take the necessary measures to ensure the rights of the people and the internal order in Venezuela. The document also suggests the possibility of limiting constitutional guarantees of citizens in case of need.

The President of the United States Donald trump introduced in August, the new sanctions against Venezuela. In particular, American companies are prohibited transactions with new debt and securities issued by the government of Venezuela and the state oil company, with a maturity of more than 30 and 90 days, respectively. Also prohibited transactions with a number of existing debt owned by the public sector of Venezuela, and the receipt of dividends from the government of Venezuela.

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