Economy 01-11-2018

US prepares restrictions on Venezuelan gold exports

The US is preparing sanctions that will limit Venezuela's gold exports, The Wall Street Journal reported.

According to informed sources quoted by the media, the idea is to cut "the illegal movement of funds through ghost companies."

It is not excluded that the sanctions are announced this week, which will probably coincide with the trip of the White House security adviser, John Bolton, to Miami where he will discuss, mainly, the situation in Latin America.

The newspaper says that this year Venezuela extracted more than 20 tons of gold worth millions of dollars and exported most of it to Turkey.

The US accuses the Government of Venezuela of corruption and human rights violations.

The US Treasury Department already included 70 Venezuelan officials on its blacklist and froze its assets.

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