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Maduro Invites All To World Solidarity Summit With Venezuela

Maduro Invites All To World Solidarity Summit With Venezuela

The latest sanctions ban the trading of Venezuelan debt and prevents the country's state-run oil company, Petroleos de Venezuela SA, or PDVSA, from selling new bonds to us citizens or financial groups.

The government said it expected 700,000 civilian militia members and 200,000 soldiers, sailors and airmen to participate.

Venezuela's unique economic crisis has left the country with a widespread food and medicine shortage.

"Nobody can use economic and financial measures to impose their political will over a country", he said.

Earlier this month, China said it believed voting in Venezuela's Constituent Assembly election was "generally held smoothly", brushing off condemnation from the United States, the European Union and other US allied countries. They also protested against the constituent assembly because they believe that this is an attempt to change the constitution.

Leaders of the fractious opposition coalition boycotted the July 30 election of the assembly.

Asked about the new US measure, Chinese Foreign Ministry spokeswoman Hua Chunying said China's position had consistently been to respect the sovereignty and independence of other countries and not to interfere in their internal affairs.

Venezuela owes China more than $62 billion and is behind in the oil shipments.

Maduro blames Venezuela's economic crisis and recent political violence on a conspiracy orchestrated by the U.S.

They also restrict the Venezuelan oil giant's United States subsidiary, Citgo, from sending dividends back to Venezuela and ban trading in two bonds the government recently issued to circumvent its increasing isolation from Western financial markets. The sanctions also prohibit dealings in certain bonds owned by the Venezuelan public sector and dividend payments to the government of Venezuela.

"They want us to fall into default", said Maduro.

State TV images showed Venezuelans young and old entering military reserve registration centers.

The White House says the money supports President Nicolas Maduro's "dictatorship". However, there was scarce attendance and all of the participants were ardent supporters of Maduro's Socialist Party.

"We will protect our people and the people of the republic, the Bolivarian Republic of Venezuela, are going to stand up", said Venezuelan Foreign Minister Jorge Arreaza.

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