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The Latest: US sanctions Venezuela's development bank

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The Latest: US sanctions Venezuela's development bank
News

News

The Latest: US sanctions Venezuela's development bank

2019-03-23 02:56 Last Updated At:03:10

The Latest on President Donald Trump's meeting with leaders from the Caribbean. (all times local):

2:40 p.m.

The U.S. Treasury Department says it has sanctioned BANDES, Venezuela's national development bank, and four additional subsidiaries that BANDES owns or controls.

President Donald Trump and first lady Melania Trump meet with Caribbean leaders at Mar-A Lago, Friday, March 22, 2019, in Palm Beach, Fla. From left are Saint Lucia's Prime Minister Allen Michael Chastanet, Dominican Republic President Danilo Medina, President Trump, Melania Trump, Jamaica's Prime Minister Andrew Holness, Haiti President Jovenel Moise and Bahama Prime Minister Hubert Minnis. (AP PhotoCarolyn Kaster)

President Donald Trump and first lady Melania Trump meet with Caribbean leaders at Mar-A Lago, Friday, March 22, 2019, in Palm Beach, Fla. From left are Saint Lucia's Prime Minister Allen Michael Chastanet, Dominican Republic President Danilo Medina, President Trump, Melania Trump, Jamaica's Prime Minister Andrew Holness, Haiti President Jovenel Moise and Bahama Prime Minister Hubert Minnis. (AP PhotoCarolyn Kaster)

The department says the sanctions are in response to the illegal arrest of Roberto Marrero, chief of staff to opposition leader Juan Guaido. It's the latest salvo in the battle for power between in Venezuela between President Nicolas Maduro and Guaido.

Treasury made the announcement while the president was meeting Friday with leaders from five Caribbean nations.

The U.S. had already sanctioned scores of top Venezuelan officials and has blocked U.S. banks from doing business with Venezuela, putting a financial strangle-hold on the cash-strapped country.

12:10 a.m.

The political and economic crisis in Venezuela tops the agenda of President Donald Trump's meeting Friday with leaders from the Caribbean, a region that has been far from united in joining the U.S. call for the ouster of President Nicolas Maduro.

Trump is hosting leaders of Jamaica, Bahamas, Haiti, Dominican Republic and St. Lucia at his affluent Mar-a-Lago club in Palm Beach, Florida to show his support for Caribbean countries that back democratic transition in Venezuela. The five have either denounced Maduro, or have joined more than 50 countries in recognizing Juan Guaido as the interim leader.

The crisis has put some Caribbean nations in a tough spot.

For years, Venezuela has provided then with a reliable supply of oil on low-credit terms, leaving them indebted to Caracas.

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US envoy to UN visits Nagasaki A-bomb museum, pays tribute to victims

2024-04-19 20:20 Last Updated At:20:31

TOKYO (AP) — The American envoy to the United Nations called Friday for countries armed with atomic weapons to pursue nuclear disarmament as she visited the atomic bomb museum in Nagasaki, Japan.

Linda Thomas-Greenfield, who became the first U.S. cabinet member to visit Nagasaki, stressed the importance of dialogue and diplomacy amid a growing nuclear threat in the region.

“We must continue to work together to create an environment for nuclear disarmament. We must continue to prevent the spread of nuclear weapons in every corner of the world,” she said after a tour of the atomic bomb museum.

“For those of us who already have those weapons, we must pursue arms control. We can and must work to ensure that Nagasaki is the last place to ever experience the horror of nuclear weapons,” she added, standing in front of colorful hanging origami cranes, a symbol of peace.

The United States dropped the world’s first atomic bomb on Hiroshima on Aug. 6, 1945, destroying the city and killing 140,000 people. A second attack three days later on Nagasaki killed 70,000 more people. Japan surrendered on Aug. 15, ending World War II and its nearly half-century of aggression in Asia.

Nagasaki Gov. Kengo Oishi said in a statement that he believed Thomas-Greenfield's visit and her first-person experience at the museum “will be a strong message in promoting momentum of nuclear disarmament for the international society at a time the world faces a severe environment surrounding atomic weapons.”

Oishi said he conveyed to the ambassador the increasingly important role of Nagasaki and Hiroshima in emphasizing the need of nuclear disarmament.

Thomas-Greenfield's visit to Japan comes on the heels of Prime Minister Fumio Kishida's official visit to the United States last week and is aimed at deepening Washington's trilateral ties with Tokyo and Seoul. During her visit to South Korea earlier this week, she held talks with South Korean officials, met with defectors from North Korea and visited the demilitarized zone.

The ambassador said the United States is looking into setting up a new mechanism for monitoring North Korea's nuclear weapons program. Russia and China have thwarted U.S.-led efforts to step up U.N. sanctions on North Korea over its ballistic missile testing since 2022, underscoring a deepening divide between permanent Security Council members over Russia’s war on Ukraine.

She said it would be “optimal” to launch the new system next month, though it is uncertain if that is possible.

The U.N. Security Council established a committee to monitor sanctions, and the mandate for its panel of experts to investigate violations had been renewed for 14 years until last month, when Russia vetoed another renewal.

In its most recent report, the panel of experts said it is investigating 58 suspected North Korean cyberattacks between 2017 and 2023 valued at approximately $3 billion, with the money reportedly being used to help fund its weapons development.

The United States, Japan and South Korea have been deepening security ties amid growing tension in the region from North Korea and China.

U.S. Ambassador to United Nations Linda Thomas-Greenfield, left, and Japan's Prime Minister Fumio Kishida, right, shake hands during a meeting Friday, April 19, 2024, at prime minister's office in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

U.S. Ambassador to United Nations Linda Thomas-Greenfield, left, and Japan's Prime Minister Fumio Kishida, right, shake hands during a meeting Friday, April 19, 2024, at prime minister's office in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

U.S. Ambassador to United Nations Linda Thomas-Greenfield, left, and Japan's Prime Minister Fumio Kishida, right, shake hands during a meeting Friday, April 19, 2024, at prime minister's office in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

U.S. Ambassador to United Nations Linda Thomas-Greenfield, left, and Japan's Prime Minister Fumio Kishida, right, shake hands during a meeting Friday, April 19, 2024, at prime minister's office in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

U.S. Ambassador to United Nations Linda Thomas-Greenfield, right, speaks to Rahm Emanuel, U.S. Ambassador to Japan, second right, as they wait for a meeting with Japan's Prime Minister Fumio Kishida Friday, April 19, 2024, at prime minister's office in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

U.S. Ambassador to United Nations Linda Thomas-Greenfield, right, speaks to Rahm Emanuel, U.S. Ambassador to Japan, second right, as they wait for a meeting with Japan's Prime Minister Fumio Kishida Friday, April 19, 2024, at prime minister's office in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

U.S. Ambassador to United Nations Linda Thomas-Greenfield, left, and Rahm Emanuel, U.S. Ambassador to Japan, right, walk to meet Japan's Prime Minister Fumio Kishida Friday, April 19, 2024, at prime minister's office in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

U.S. Ambassador to United Nations Linda Thomas-Greenfield, left, and Rahm Emanuel, U.S. Ambassador to Japan, right, walk to meet Japan's Prime Minister Fumio Kishida Friday, April 19, 2024, at prime minister's office in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

U.S. Ambassador to United Nations Linda Thomas-Greenfield, left, and Japan's Prime Minister Fumio Kishida, right, talk prior to a meeting Friday, April 19, 2024, at prime minister's office in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

U.S. Ambassador to United Nations Linda Thomas-Greenfield, left, and Japan's Prime Minister Fumio Kishida, right, talk prior to a meeting Friday, April 19, 2024, at prime minister's office in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

U.S. Ambassador to United Nations Linda Thomas-Greenfield, left, and Japan's Prime Minister Fumio Kishida, right, prepare to talk during a meeting Friday, April 19, 2024, at prime minister's office in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

U.S. Ambassador to United Nations Linda Thomas-Greenfield, left, and Japan's Prime Minister Fumio Kishida, right, prepare to talk during a meeting Friday, April 19, 2024, at prime minister's office in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

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