Published: Sat, August 12, 2017
Global Media | By Abel Hampton

Venezuela's new Constituent Assembly declares itself superior to all other government bodies

Venezuela's new Constituent Assembly declares itself superior to all other government bodies

Even as the US for now holds back applying economic sanctions, the Maduro government is finding itself increasingly isolated from financial markets.

He said he wanted the meeting، "if it can happen،" to be held when world leaders gather at the United Nations General Assembly in New York City on September 20. "Mr Donald Trump, here is my hand", he said. Energy sector sanctions, which could cripple Venezuela's already ailing economy, are still being considered, US officials said.

The offer came after the U.S. last week imposed sanctions on Maduro, who the Trump administration has labeled "a dictator".

But Maduro struck a defiant stance against what he called America's "imperialist aggression", accusing Washington of being involved in an attack on an army base last weekend by uniformed rebels led by two renegade Venezuelan officers.

Battered by civil unrest that threatens to become a total political meltdown, the socialist government of President Nicolas Maduro has offered an ownership stake in up to nine of Venezuela's most productive oil projects, Reuters reported Friday.

In an address that repeatedly brought assembly members to their feet in applause, Maduro called for a new governance framework for Venezuela, aimed at "perfecting the constitution of 1999".

The National Constituent Assembly (ANC) - a body of 545 representatives of different localities, and social movements, labor groups, and indigenous communities which is now the highest legal power in Venezuela - was sworn in on August 4 at a ceremony attended by thousands of jubilant Chavistas who support the Bolivarian revolutionary government. More than 120 people have died in the demonstrations.

Meanwhile, the ruling party's number two has warned that opposition candidates wanting to compete in upcoming elections would need certificates of "good conduct" from a newly installed Constituent Assembly stacked with Maduro loyalists.

The US alleges that the constituent assembly arose "through an undemocratic process instigated by President Nicolas Maduro's government to subvert the will of the Venezuelan people" and "dissolve Venezuelan state institutions".

The Maduro regime is under increasing economic and diplomatic pressure as the political crisis in Venezuela gets worse.

Laws passed by the new body will not need approval from Venezuela's traditional congress, which met on Wednesday to discuss the region's response to the new body.

We would certainly urge them to try because a similar effort, in which Venezuela played an important part, helped end Colombia's half-century-long war with leftist rebels previous year, a conflict that seemed much more intractable than Venezuela's.

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