A number of political leaders across the globe have slammed the US sanctions imposed on Venezuela last week.
“The experience of history shows outside interference or unilateral sanctions will make the situation even more complicated and will not help resolve the actual problem,” Chinese Foreign Ministry spokeswoman Hua Chunying said on Monday at a daily news briefing.
The US sanctions applied Friday bar dealings in new bonds and stocks issued by the Venezuelan government and the state oil company.
Goldman Sachs is said to be the only company exempt after its controversial decision in May to purchase almost three billion dollars’ worth of bonds in Venezuela's state oil company. While Goldman Sachs will be able to sell the bonds it already owns, any future purchases are prohibited.
Professor of Latin American studies, Daniel Shaw, is convinced the financial elite are pulling strings.