IDB bank calls off annual meeting next week in China

Venezuela Hit With Fresh New Economic Sanctions by the Trump and United States Government

Meanwhile, the European Union demanded the Venezuelan government to release Marrero immediately.

US President Donald Trump has said all options are on the table, but would a US-backed change of government in Caracas constitute a coup? "They should be freed immediately".

In an interview on Friday, Guaido said Maduro had lost the ability to "finance political blackmail" to retain power thanks to pressure brought by foreign governments who have recognized him as the South American country's rightful leader in the midst of a hyperinflationary economic collapse. And just a few weeks before his inauguration, Maduro's intelligence forces arrested Interim President Guaido in a shameless attempt to bully him into silence.

The United States imposed sanctions on Venezuela's state-owned oil company PDVSA in January, preventing US companies from dealing with it unless revenues went to a fund available to Guaido, but has not yet slapped sanctions on companies from other countries that do business with PDVSA, a practice known as "secondary sanctions". The region has been far from united in joining the USA call for the ouster of President Nicolas Maduro.

Vice President Mike Pence says Russia, China and Cuba are responsible for keeping disputed Venezuelan political leader Nicolás Maduro in power.

Guaido supported the sanctions designation in a Twitter post. So today, we call on every nation in the global community to join us, and to withdraw support from the failed dictatorship of Nicolas Maduro.

The U.S. and about 50 other countries support Guaido's contention that he is the rightful leader of Venezuela and that Maduro's re-election past year was illegitimate.

He said he was thrown to the floor and his own place "ransacked" for around two hours before the officers went a short distance to bang on Marrero's door and enter his apartment.

"The work by the intelligence and interior ministry units led to the detention of citizen Roberto Marrero, aged 49, who bears direct responsibility for organizing criminal groups", the minister said in a statement aired by the Venezolana de Television TV channel.

Mr Marrero reported the raid in a telephone call whose recording circulated on social media soon after the operation occurred.

The United States has cautioned Maduro against laying a finger on Guaido or National Assembly deputies, threatening unspecified repercussions. The U.S. and 50 other countries continue to call for Maduro to step down.

The Treasury Department indicated it decided the latest sanctions in response to the arrest by Venezuelan authorities of the aide to opposition leader Juan Guaido.

In just over a month, on April 28, increasingly harsh USA sanctions on Venezuela will intensify to a critical level with a ban on all oil sales to the United States, Venezuela's main crude buyer.

"The message from this meeting is that the United States wants to encourage and promote stronger relationship with the region", Holness said.

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