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Beijing Condemns US Exclusion of China from Venezuela Trade Licenses

(MENAFN) Beijing on Wednesday condemned a US decision to issue “general licenses” that exclude China, Russia, North Korea, Iran, and Cuba from trade dealings with Venezuela.

“China firmly opposes setting restrictions on China-Venezuela cooperation by issuing so-called general licenses,” Foreign Ministry spokeswoman Mao Ning said in Beijing, emphasizing the importance of "safeguarding interests” of the world’s second-largest economy.

According to reports, the US Treasury’s waiver issued Tuesday on Venezuela-related sanctions clarifies that the new transaction does not involve the processing or refining of Venezuelan-origin minerals, including gold, and specifically excludes Russia, Iran, North Korea, Cuba, and China.

Mao argued that, rather than issuing general licenses, the US should “lift illicit, unilateral sanctions on Venezuela at once, rather than use so-called general licenses to whitewash its moves” that impede “lawful interests of other parties.”

The latest US measure follows a January operation in Caracas, in which US forces forcibly removed Venezuelan President Nicolas Maduro and his wife Cilia Flores. Both are currently detained in New York over alleged charges, including drug trafficking and weapons-related offenses, which they deny.

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