Venezuela lawmakers back ban of up to 60 years on those supporting sanctions
Adds extra context in paragraphs 3-5
CARACAS, Nov 28 (Reuters) -Venezuela's ruling-party dominated National Assembly on Thursday unanimously voted to approve a law which could see bans of up to 60 years on those seeking public office, who have expressed or allegedly expressed support for the imposition of sanctions on the South American country.
The so-called Simon Bolivar Liberator law also includes measures to prosecute people in absentia and represents the latest move by President Nicolas Maduro's government to tighten regulation on everything from non-governmental organizations (NGOs) and social media following a contested presidential election.
The vote to approve the law comes after the United States House of Representatives approved the so-called Bolivar law, which would prohibit U.S. government bodies from hiring people who have business dealings with Maduro's government.
The Bolivar law, which needs final approval from the U.S. Senate, has been labeled "trash" by Maduro.
Temporary bans on opposition politicians are regular occurrences in Venezuela and opposition leader Maria Corina Machado had her 15-year ban on holding public office upheld in January.
Reporting by Vivian Sequera
Writing by Oliver Griffin
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.