The Kremlin on Tuesday denounced as “illegal” the new US sanctions against the Venezuelan national oil company, accusing Washington of “interference” and announcing its intention to defend its interests in the country.
“The legitimate authorities of Venezuela consider these sanctions illegal and we fully agree with this view,” Kremlin spokesman Dmitri Peskov told reporters, accusing the United States of “unfair competition” and “flagrant interference”.
“We will defend our interests under international law, using all the mechanisms at our disposal,” Peskov added, while Russia has invested billions of dollars in hydrocarbons and weapons in Venezuela.
Speaking at a press conference, Russian Foreign Minister Sergei Lavrov warned that Moscow was “working with other responsible members of the international community to do everything in its power to support President Maduro’s legitimate government”.
The United States “has taken the direct path of overthrowing Venezuela’s legitimate authorities,” Lavrov said, saying that American sanctions “seriously undermine the last vestiges of confidence in the international monetary and financial system, based on the pre-eminence of the dollar.
The United States announced sanctions against the Venezuelan national oil company, PDVSA, on Monday, five days after recognizing the head of Parliament Juan Guaido as interim president of Venezuela, plunged into a serious political and economic crisis.