EU considering sanctions on individuals in Venezuela, but not an oil embargo – Malta’s foreign Minister

The European Union is considering imposing more sanctions on the government of Venezuelan President Nicolas Maduro but has not discussed an oil embargo, Malta’s foreign minister said on Monday.

“Our intention is for more sanctions on certain individuals rather than on sectors that might have an effect on the population,” Carmelo Abela told Reuters following a meeting of EU foreign ministers in Brussels.

“Having further (sectoral) sanctions is not excluded but primarily we are focused on certain individuals.”

Since November 2017, the European Union has imposed an embargo on exports of weapons and equipment for internal repression, as well as a travel ban and an asset freeze on 18 officials accused of violating rights and undermining democracy.

Experts say EU sanctions, while symbolic, have had little or no impact on Maduro’s policies so far and that oil and financial sanctions may be the only way to force the government to change.

via Reuters