August 6, 2019 / 2:30 PM / 12 days ago

Bolton says sanctions will cut off Maduro financially, warns Russia

LIMA (Reuters) - U.S. national security adviser John Bolton said on Tuesday that tough new U.S. sanctions against Venezuelan President Nicolas Maduro would choke off his international financing and warned Russia not to provide Venezuela with further support.

“The time to act is now. The United States is acting assertively to cut off Maduro financially, and accelerate a peaceful democratic transition,” Bolton said in prepared remarks to a conference in Lima, Peru.

“We say again to Russia, and especially to those who control its finances: “Do not double down on a bad bet!”

Reporting By Mitra Taj, Additional Reporting by Roberta Rampton in Washington; Editing by Susan Thomas

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