LIMA group urges halting gold and oil purchases from Venezuela

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The Lima group, consisting of Argentina, Brazil, Canada, Chile, Colombia, Costa Rica, Guatemala, Honduras, Mexico, Panama, Paraguay has urged the Venezuelan military to sever ties with President Nicolas Maduro.

It comes at a time when political tensions in Venezuela are reaching boiling point, with the oil-rich, but cash-poor, country in the midst of the Western Hemisphere's worst humanitarian crisis in recent memory.

In a statement published Monday, 11 of the 14 members of the Lima Group called for a "peaceful transition through political and diplomatic means without the use of force."

The group also addressed the need for an urgent delivery of humanitarian aid and insisted international governments to "take measures to prevent the Maduro regime … from doing business in oil, gold and other assets."



Source: Smart Trend Team