Maduro: US Withholding $5bn of Medical Supplies in ‘Criminal’ Measure

Maduro’s accusations came at a government re-launch of the pharmaceutical sector.

By Paul Dobson

March 21, 2019 "Information Clearing House" The US government is withholding US $5 billion which was meant for the purchase of medicines and raw materials used in medical production, President Nicolas Maduro claimed Wednesday.

Speaking from Miranda State, Maduro denounced that US authorities “have ‘kidnapped’ US $5 billion [in] one of the most criminal, brutal, fascist economic measures which has been seen in the economic history of the world.” “Trump is the person responsible,” he added.

US and European governments have been working on freezing Venezuelan assets in recent months, including CITGO, the US-based subsidiary of state oil firm PDVSA, as well as US $1.2 billion worth of gold held in the Bank of England. According to Washington, these assets are being held to finance a “future government” led by self-declared “Interim President” Juan Guaido and to avoid alleged corruption on the part of the current government. US Vice President Mike Pence recently urged other countries to apply similar measures against Venezuelan assets.

The asset freezes have come alongside sanctions, with an oil embargo imposed in late January and sanctions against the mining sector announced earlier this week.

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