United States issues sanctions on 3 Venezuelans, 20 companies

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Maduro moved to strip the National Assembly of power in 2015 through an internationally questioned censured constitutional assembly after the Venezuelan United Socialist Party lost parliamentary elections.

The vice president "will announce new Venezuela kingpin sanctions and call to suspend (president Nicolas) Maduro's sham elections", an official told AFP. He called on the body's members to take three concrete actions to apply pressure on Venezuela to democratize: cut off Venezuelan money-laundering, enact visa restrictions on Venezuelan leaders, and hold Maduro accountable for destroying democratic structures.

Vice President Mike Pence on Monday asked the countries of the Western Hemisphere to suspend Venezuela from the 35-nation Organization of American States.

Vice President Mike Pence will on Monday announce new USA sanctions against Venezuela and call for a "sham" May election to be delayed.

That funding from the U.S. Agency for International Development (USAID) will go to the Columbian government for school feeding programs, mobile health services and new systems to help collect data on displaced Venezuelans in the country, the agency said. It also denies there is a humanitarian crisis.

Venezuela did not send an official to hear Pence's speech, but minutes later Samuel Moncada, Venezuela's deputy foreign relations minister for North America, called Pence remarks a "farce" and a "monstrosity".

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"We want to leave".

"We have frozen their assets, blocked their access to our nation, so they can no longer poison our people with their deadly drugs", Pence said.

"There will be no real election in Venezuela on May 20, and the world knows it", Pence said.

During his speech, he also said that every university should have a mining farm to produce cryptocurrencies in order to strengthen the economy of Venezuela.

Additionally, OFAC imposed sanctions on Walter Alexander Del Nogal Marquez and Mario Antonio Rodriguez Espinoza for assisting Martin and on 20 companies in Venezuela and Panama that are owned or controlled by those three individuals.