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EU is working on new sanctions against Venezuela

UNITED STATES (OBSERVATORY) –┬áThe European Union is considering the imposition of economic sanctions on 11 Venezuelan officials in June after Nicolas Maduro’s victory in the elections, which, according to the EU, were not free or fair, Reuters reports citing sources in diplomatic circles.

The new sanctions include travel bans and asset freeze for a number of senior officials, but it is not expected that the measures will be imposed directly on Maduro, mainly because the EU wants to pressure his entourage to change the course in the country.

“We are working on a list that can include 11 more people,” the EU representative said. “This can be approved (by the EU foreign ministers) in June.”

The European Union, the third largest trading partner of Venezuela after the United States and China, is trying to isolate Caracas and help put an end to what he regards as the authoritarian regime of Maduro, which destroys the economy and leads to a catastrophic shortage of food and medicine in the country.