Tuesday, July 18 at 4:00 PM ET
Conference Call Info:
Please join us for a conference call with Dr. Francisco Monaldi, a Fellow in the Latin American Initiative & Energy Economics at the Baker Institute at Rice University. We’ll discuss the latest on the situation on the ground in Venezuela as well as the White House announcement of possible new sanctions.
Will Maduro back down? The White House issued a stark warning last night to President Maduro of Venezuela promising “strong and swift economic actions” if he holds the July 30 election of a new Constituent Assembly that would likely dissolve the current National Assembly and rewrite the constitution.
Nearly 7.6 million people protested on Sunday in the streets of Caracas against Maduro’s move to establish the Constituent Assembly and held an unofficial vote that opposed the plan.
The White House released the following statement from President Trump:
“The United States will not stand by as Venezuela crumbles. If the Maduro regime imposes its Constituent Assembly on July 30, the United States will take strong and swift economic actions. The United States once again calls for free and fair elections and stands with the people of Venezuela in their quest to restore their country to a full and prosperous democracy.”
While the White House statement does not mention energy, we believe the “strong and swift economic actions” may include US energy sanctions.
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