venezuela is not a satellite russia is not our satellite state. we don't even use that kind of terminology. in our understanding it doesn't even exist or in our in our foreign policy or diplomacy perhaps i will surprise you distinguished representative of the united states but. when we discuss certain issues in the security council. we never tried to force any country to behave as we wish it to be of as we need it as it is in our interest for it to be if we always we always respect the sovereignty of any country whether it's a member of the security council whether it's speaks in this room we always wished respect its own opinions its own policy if that policy or those views correspond to our policy then we're happy if not we. we basically respect that any any member of the council or any member of the un can have their own views your own positions it is their sovereign right to have their own foreign policy. but unfortunately we know many of many many episodes when the country that you represent. not only uses its satellite states to promote its

we are now , cuban needs venezuela -- cuba needs venezuela money. we are now giving for free and00 their roles of oil that is stocked the same day that we have the totality of state power in venezuela. they will have to look for money elsewhere. >> michael, may i just add a point here? by the way, i think gustavo has it exactly right. the cuban interests of 50,000 barrels of oil a day to an energy-sauved nation ed money talks and i haven't seen evidence of that, which suggests are pausing and taking a look at what happens. second, if i could be russia-specific briefly, i would note that we all realized this that after the last 10 years or annexed crimea and the western democracies criticized and protested. russia created two new republics , one in north georgia, and the western world protested. russia at least supported and i would argue actually infiltrated large numbers of security personnel into the two easternmost provinces of ukraine and the western world criticized, but at the end of the day, geography and history determined the crimea is stil

the president of venezuela at this moment -- venezuela is the whole world because in venezuela they aredefending the principle of nonintervention and multilateral order based on independence, sovereignty and equality. thank you very much, mr. president. excellencyu, your for your statement. floor to our the minister forice foreign affairs and permanent representative of cuba to the united nations. >> thank you, president. the stage of specific threats, threats that are incompatible with the proclamation of not america and the katter -- caribbean as a region of peace. said commitment enshrines a duty to fully respect and uphold the purposes and principles of the charter of the united nations under international law. in other words, a duty to refrain from interfering. indirectly iny or the internal affairs of any other state. that proclamation also calls uphold thene to equality of rights and the free determination of peoples. the administration of the night states america seems to have dusted off the monroe doctrine and use it as its preferred arm of diplomacy. it is threatening with par

venezuela is a failed state. it has become a haven for narcotics and international criminal organizations that are part and parcel of the illegal immigration crisis that we are confronting at our southern border. another caravan is beginning to make its way north. it reached the border of mexico and guatemala. there is no question human traffickers and narcotics and drug cartels in central america are driven in part by the malign influence of the failed state in venezuela. the united states stands for prosperity and the rule of law and democracy for the people of venezuela. but we also believe it's in the interest of the united states of america for venezuela to return to the rule of law, to return to democracy, and become a full partner in advancing the security of all the countries in this region. trish: when we see these care vans making their way to the u.s. the reason itself needs to have the best possible opportunities for prosperity, which means you need a free election system, and you need to get rid of t

it is venezuela.t is not the one mike pence points out, not 20 poisonouous makes, not 20 by per's like mike pence. amy: explain. what is mike pence's particular interest here? you're looking at pence, bolting, and now mike pompeo. >> pence is a religious guy, and extreme right. he is obsessed with the venezuelan revolution. you see they say youou have to restore democracy in venezezuel. we have a democracy. we've had 25 elections in 20 years. we've had elections for 2004,ent in 1998, 2000, 2013, 2018.2012, i mean, our people are used -- and only democracy, because the constitution says you have to elect the president and parliament members and mayors and governors. our society is organizing --every single day they exercise democracy. we have democratize the access to education, which was being privatized before the revolution. access tomocratized housing, which was also exclusive for the rich before the revolution. we of democratized access to health. to be cubans, no venezuelans come all over the cou

tulsi gabbard tweeted -- "venezuela needs to stay out of venezuela. them determine their future. we don't want other countries to choose our leaders, so we have to stop trying to choose there's." democratic congresswoman ilhan omar, who said -- "a u.s. backed coup in venezuela is not a solution to the dire issues they face. trump's efforts to install a far right opposition will only incite violence and further destabilize the region. we must support mexico, uruguay & the vatican's efforts to facilitate a peaceful dialogue." this split in the around venezuela, medea benjamin. >> yes, i think this is because there is a small group of venezuelans in florida setting the agenda. and the rest of us are quiet. we've got to get out on the streets. we have to get on the phones. call your congressperson. tell them to put out a tweet, statement, resolution calling for nononintervention. this is ablulutely urgrgent post up and anybody in the d c area, join us in front of the white house saturday at 1:00. juan: i want to turn back to steve ellner anand ask you. so

out of venezuela viggo. enough enter -- in venezuela they go.my: venezuelan president maduro has ordered u.s. diplomat of personnel to leave within 72 hours. the trump administration says it will not comply with the order. the european union and 11 latin american countries have joined the u.s. in recognizing opposition leader guaido as president. other nations are stressing support for maduro. president trump implied the u.s. is ready to use the terry force to oppose maduro -- use military force to oppose maduro. >> are you considering a military option for venezuela? pres. trump: we are not considering anything come but all options are on the table. all options always. all options are on the table. amy: venezuela is facing a staggering economic crisis caused in part by falling oil prices and brought u.s. sanctions. we will have more on the crisis unfolding in venezuela after headlines. on capitol hill, the senate is poised to take up two bills today that would end the partial government shutdown, the longest in u.s. history, now in its 34th day

today venezuela produces $1 million. the production was decreased by 2/3 for investment in the world. money was stolen, pillaged, that's why venezuela has no social services, no gas supply. they destroyed and ruined one of the most of prosperous companies in the world for oil production. that's why the production of assets supported by the united states is very important. the pillaging cannot continue. we need to protect the try to make it prosperous again. in a political fear, they have denied the opposition's legitimacy where behind -- they were torturing. now we see children 12 years old that are behind bars. this is a company that does not respect private property. they expropriated, stole property. more than 5,000 acres of land. so we need to guarantee. 80% of food is being imported because they destroyed the farming triin venezuela. trish: i know. how long will this transition take? [speaking spanish] >> we hope it will be as soon as possible. the pressure and the support of the united states is important. and all

le hacen daÑo venezuela, venezuela tiene tremendos retos.se paÍs que respaldan su presidencia. estamos hablando de colombia, perÚ, argentina, y el gobernador de puerto rico. borja: lo mÁs destacable es que rompe toda la relaciones con estados unidos, le da 72 horas para que todos los diplomÁticos salgan del paÍs, los responsabiliza y culpa de un golpe de estado al gobierno de estados unidos. ha iniciado ese golpe de estado en venezuela. >> hubo elecciones del hubo elecciones del pasado 20 de mayo de 2018 con el pasado 10 de enero, pesar de que tantos paÍses habían dicho que las elecciones habÍan sido fraudulenta el tomo posesiÓn, desde ese momento el presidente de la asamblea ha estado hablando de manifestaciones, finalmente hoy este 23 de enero como se estÁ esperando. del mundo, especialmente por el social, se convocÓ a esta mega marcha . se espera que en todo el paÍs venezolano la gente. pa una gran inflaciÓn, gran pro pobreza y se debe haber un cambio. borja: lo mÁs importante que estaremos siguiendo muy de cerca el proceso de cambio en v

we see that in venezuela. but we have no doubt that this freedom will -- venezuela will be free again. started the process and we hope it ends very soon. >> thank you. with that, we're going to -- i want to thank this this panel and ambassador o'sullivan. ambassador silva. ambassador caceres. chairman royce. for your leadership, your international leadership at this fundamental moment. and ambassador o'sullivan, you have to depart, but at this moment, please join me in thanking this panel. i'd like to invite back up to the stage ambassador vecchio, julio borges, david smolansky, and paula tufro. >> looking around the room, i'm sure there's going to be one or two questions. so we'll take those in short >> so looking around the room, i'm sure there is likely one or two questions. so we will take those in short order. i will take the first round of questions and then the senator deputy paula garcia tufro will take a second round of questions and we'll give as much opportunity as we can. we probably won't get to a

and being with venezuela.it's just the right thing to do. we are a young vibrant democracy for the last 30 years and venezuela has always been a bright spot and light in latin america regarding freedom and it's -- they are suffering, they are suffering in swa ways that we cannot imagine, their bravery sets an example for all of us and we just stand by them. we are doing the right thing. we have been doing that, not only that, president abdul from the first day when he was inaugurated a month ago mentions that he was going to be with the people of venezuela and dictator maduro assumes regularly, illegally on january 10th, paraguay ten minutes after that broke diplomatic relations with venezuela. we will stand by them and we think there is no other way in the region, in the hemisphere until democracy prevails and this is a way to show our support. we know what this means. we stand with them. we are ready to follow their lead and big change also, we have to acknowledge the position taken by the u.s. administratio

now, 13 percent of venezuela's population is outside venezuela. right across the world. >> in the past, for years, many have left. columbia as 1 million, ecuador has 700,000, chile has 200,000. brazil was in 100,000 venezuelans. united states more than half 1 million. this is an absolute terms and if we're looking at essential terms, two percent of the island of aruba is venezuelan and 15 percent of the island of the south is made up of venezuelans, either countries that were accustomed to venezuelan tourists, now they're receiving them as refugees so 5 million people, or 5000 people are leaving daily, that amount is 200 people per hour so by the end of this forum, 200 more venezuelans will have comes during the time you're seeking. so that's what you saw. the migrant refugee crisis is for venezuela to fully restore democracies, regain its freedom, have the rule of law and safety and be a country where there are job opportunities,entrepreneurial opportunities . the reason venezuelans are leaving is firstly the humanitarian crisis created by the di

military invasion of venezuela.my: venezuela accuses the united states of preparing a military invasion to topple the government of nicolas maduro. this comes shortly after secretary of state mike pompeo tapped elliott abrams, a veteran of the u.s. dirty wars of the 1980s in latin america, to be his s special l envoy to venezu. >> elliott's passions for the rights and liberties of all peoples make him a perfect fit and valuable and timely addition. he will be a true asset to ourr mission to help the venezuelan people fully restore democracy and prosperity to their country. amy: we will speak to prprize winning investigative journalist allan nairn about venezuela and elliott abrams. >> he was always very passionate and committed. committed to what? to mass killing in the service of what could be defined as u.s. interest or even u.s. whim. witht had nothing to do defending the liberties of people. it's more like defending the liberties of generals and corporations and dictators. amy: all that and more, coming up. welc

a determining role can't and should be played by the members of venezuela. we know that similar initiatives are already being put forward. lastly, thirdly, we should refrain from discriminatory economic measures against this country. it's no secret that this current economic crisis was to a large extent provoked by those countries who were the first to cry about the officering -- suffering of the venezuelan people and i would like to correct something that secretary of state pompeo said. we did not block the presidential statement by the united states. we made certain constructive eameds amendments when -- amendments which we were sure were wholeheartedly supported by members of the security council. many of whom have already done that. some of them have already supported that. so the ball now is on the side of the american delegation. it's up to them but we're not sure that this kind of statement is based on carefully weighed assessment to have secretary general, which confirms the sovereignty of venezuela and the fact that interference into its internal af

cross talking venezuela's crisis i'm joined by my guest of the go and your new york she is an attorney and author of a new book on chavez and venezuela confidant the of tyrants also in new york we have an s. and newman she is an author president and founder of the risk consultancy asymmetric a and native of venezuela and in london we crossed the francisco dominguez he is secretary of the venezuela solidarity campaign i know you to have to leave early during the course of our program so i'll go to you first here do you have any idea how the people of venezuela think about the likes of donald trump mike pompei oh john bolton debbie wassermann schultz and marco rubio determining the fate of venezuela and its people go ahead of a new york. look i think a majority of venice whelan's obviously are discontent with the situation in their country presently there's a severe economic crisis nobody can deny that there's controversy over who is the cause of this crisis how much of it is the result of the government's mismanagement and corruption versus how much of it is the result of an ongoing eco

for him and for the people of the opposition right now in venezuela in the venezuela people. if all that comes out of that his detention, then i think we have done a disservice to the greater good of the international community of venezuela. if we are going to take that step then what action, what tangible action are we prepared to take to back that up if and when the so-called legitimate leader in our eyes of venezuela is arrested and beaten and tortured, what else. >> thank you fernando, ambassador do one answer that question. how will they deal these two different situations within the country. can you give us the light on this issue. >> listen let me offer you the fruit of 39 years experience in the diplomatic service of the united states of america. if at the end of a careful assessment and review i hear from the secretary of state transmitting reviews of the president of the united states that we wish to recognize this particular individual as a president of the government of another country i will find a way to find diplomatic presidents legal interpretations and is re

and turning to venezuela the u.s. state department revealed last friday it gave control of venezuela's state assets located in the us to their attempted appointee as president opposition leader one would go among those assets are funds owned by the venezuelan central bank but physically held in the federal reserve bank of new york yesterday trump administration officials announced sanctions against both wales state energy company p.t. via say blocking access to about seven billion dollars in assets in the us dropped national security advisor john bolton told fox news quote we're in conversation with major companies now in the us that would make a difference if we could have american companies produce the oil in venezuela it would be good for venezuela and the people of the united states follow the money or in this case the oil money i suppose and here to catch us up on the history of that coveted oil supply is our own supply a tab and your syre thanks by and large as you mentioned us government officials this week ann

himself interim president in cord -- accord answer with venezuela's own constitution. he made this declaration with the full support of the venezuelan people. our nation must stand up and support the person who the venezuelan people have confirmed as their interim president. is our home that free and fair election happen as soon as possible. back in 1961 president kennedy spoke in crackos. he declared "we will be partners for building a better life for our people." america's stance has not changed. and we cannot avoid the suffering or tyranny taking place in this proud nation. today we call on all members of the security council to support venezuela's democratic transition and interim president guaido's role in it. thank you. >> thank you, mr. president -- mr. president. dom machineful to mal ma dom rose mary decardiofor her briefing. mr. president, we have no doubt that today's meeting has been called by the mesh delegation with only one pepper -- purpose, to continue destabilizing the ituation in venezuela by imposing our own approaches. is another element the united

the situation in venezuela is critical. what happened yesterday has the potential to shape the country's future and how the international community is going to respond. it will mark the path on whether can escape from its authoritarian rules and transition to democracy. i am very excited to see all of you and to those watching online to see an important panel. the region is overwhelmed with waves of new refugees and migrants. according to the venezuelan constitution, on july 10, it was the start of a new presidential. . in 2018 wereheld not free and fair. that is why the international community did not recognize it. i want to show you the map that we just did in csis. about 50 countries of the international community did not recognize the venezuelan presidential election of 2018. this is one of the big reasons we are here. what does this mean for venezuela? community?ernational how should we all think and respond to this crisis? the international response included important economic countries, u.s., germany, france. not rec

it's a war against venezuela. we're waiting for a visit by rmer president and friend -- you say here that the dictatorship is killing, it's repressive. study the history of venezuela over the past few years. the international -- opposition of debts. facilitated by the coup d'etat of 2002 using sharpshooters. look at how many people died in those days in truly peaceful demron administrations. who killed them? the venezuelan justice, the judiciary and prosecutor are investigating this and they have the sovereign north ft they don't need the intervention of any independent body and we will tell you the truth on every death because you who sponsored the coup d'etat on the 23rd of blood are fostering a shed. you tried to promote blood shed on the 23rd. it debate happen. there were groups of 12 to 13 people to try to loot and plunder private property but we presented another tragedy like the one that happened on the 11th of april, another tragedy like what happened in 2014 or 2016 when the extremist venezuelan oppositio

whiteall solve the problems that venezuela has and the entanglements that venezuela has got that i support people outside probably know better what the implications of those problems. are so the question i want to ask both of you is, is recognizing legally recognizing mr. wegle, and let's not focus on whether he gets put in jail, which i actually doubt it because the cost of it will be almost unbearable, it will be kind of a last great mistake of a dictator, but if he has to leave the country or if he has to immediately designate a representative to conduct the affairs of the country, if recognizing venezuela legally is not actually a great way of putting a tremendous amount of pressure on the guy who is sitting in the seat of power, actually can pull the tools of power, cannot manage foreign account, cannot interact on the debt, cannot manage any of the affairs of the country, because those are being now managed by a group of people from venezuela, or from outside venezuela, that in clear representation of the only legitimate authority, are running the country. so isn't that the kind of p

well it's part of the cales that we're seeing right now in venezuela. on wednesday said that he was breaking relations with the united states he gave the diplomatic personnel seventy two hours to leave the country on the other hand one why though asked the diplomatic missions to remain in venezuela and the united states answered back saying that they would stay in that country and they also warned that anything that happens to the diplomatic personnel that's in the united states embassy in venezuela it would have serious serious consequences so most definitely what we know right now is that the united states is going to save the country and this shows a bit of of that the complexity of the situation we have while you go whose declared himself interim president he has the support of the united states and other countries in the region but then we have the government of nicholas model that constrains the institutions the natural resources the military and that has the support of countries like russia like china and others of course of this raises fears tha

and so to recognize the legacy of venezuela and to recognize the rulings. they talk about the integrity and independence of the supreme court i wish they had gone estate loan - - a step further to call for all countries in the i world to respect and honor and follow but nevertheless. but nevertheless. with international humanitarian assistance now. they also get a. check minus on my book as well but if we go to the next slide eventually , they call for the government of venezuela to permit - - permit humanitarian assistance. let's stop waiting for the government of nicaragua to technology humanitarian crisis and invite humanitarian assistance. call for that right now. start delivering humanitarian assistance even at the end of the day what we get our videos and trucks filled with the essential food and medicine at least it sends a message and a signal s i give them credit for the government and say take it further and say to the international community, let's start delivering now and perhaps later we will discuss ideas in terms of how and where to do that.

is venezuela's biggest customer exporting and venezuela exports about forty eight percent of the oil exports to the u.s. and as their biggest foreign asset is citgo the u.s. based refinery and now currently venezuela accounts for about six percent of u.s. crude oil imports so any destruction of imports could easily cost u.s. refineries a lot of money now u.s. refineries are among the few customers that pay cash to venezuela for its oil and that's because venezuela's oil shipments to china and russia are usually taken as you pay been for billions of dollars in debt now let's take a look at the causes of venezuela's oil decline as in two thousand and seven oil prices were right were rising and the chavez government saw more revenue then vestment made by international oil companies began to pay off venezuela demanded changes in agreements made. by the international oil companies that could give p.t.'s a majority control of their products exxon mobil and conoco phillips refuse and as a result their assets were ceased and when oil prices were high chavez spent billions of oil of the money

and its allies towards venezuela which are in playgroup violation of international law. we along with other responsible members of the international community we do everything to support the legitimate government of venezuela led by nicolas maduro in his decision of the constitution and the methods of crisis regulation within the constitutional feels in any case it looks like we're definitely up for more and more protests in venezuela and we'll also be watching out for that sunday deadline but knowing nicolas maduro the way he is it is very unlikely that he's going to back down earlier we spoke to max blumenthal american author and journalist who told us average venezuelans oppose interference in their country from abroad. one guy doe was the was a low level legislator in one of the least populous states in venezuela who was known his name was known by maybe one of five venezuelans he is the perfect pawn he is a product of us regime change factories and for average venezuelans who at rates of over eighty percent oppose sanctions and oppose us military intervention this c

country that comes right after washington sanction the state oil giant and handed control over venezuela's u.s. based accounts will continue to use all of our diplomatic and economic tools to support interim president quite oh. human rights watch releases a report documenting dozens of cases of terrorists torturing civilians in northern syria. we have documented eleven cases in which. residents there because they were either documenting confuses by testing to see if we have documented. minors. check out our to dot com for more on the latest headlines coming up the panel on cross talked abates of the crisis in venezuela stay with. hello and welcome to cross talk we're all paying for considered i'm peter lavelle attempted to force regime change in venezuela brought to you by trumpets ministration washington's gross interference in the internal affairs of this latin american country is risky illegal and the possibility of large scale violence is very real one thing is certain the people of venezuela will suffer the most. cross talking venezuela's crisis i'm joined by my guest of the go and yo

what the people of venezuela themselves want. reporter: do you have -- indiscernible] reporter: if you don't mind turning your attention to the talks, the talks with china. in your opinion, where does all that stand right now? are you comfortable with progress that's been made in the last couple weeks, larry kudlow said talks over the next couple days will be -- is that your assessment? secretary mnuchin: i think we had talks between the two presidents which is an important time. e sent a team over to beijing. there were very significant discussions over that period of time. we had conversations since then. ambassador lighthizer and i are looking forward to the two days of talks. the president will meet with the vice premiere. we have another 30 days after this. so my expectation is we'll make significant progress at these meetings but i would just emp size these are -- emphasized these are complicated issues. reporter: how much progress has been made in the last month if you can characterize? secretary mnuchin: i would comment t

cross talk we're all paying for considered i'm peter lavelle attempted to force regime change in venezuela brought to you by the trumpets ministration washington's gross interference in the internal affairs of this latin american country is risky illegal and the possibility of large scale violence is very real one thing is certain the people of venezuela will suffer the most. cross talking venezuela's crisis i'm joined by my guest of the go and your new york she is an attorney and author of a new book on chavez and venezuela confidant the of tyrants also in new york we have an essay newman she is an author president and founder of the risk consultancy asymmetric a and native of venezuela and in london we crossed the francisco dominguez he is secretary of the venezuela solidarity campaign i know you to have to leave early during the course of our program so i'll go to you first here do you have any idea how the people of venezuela think about the likes of donald trump mike pompei oh john bolton debbie wassermann schultz and marco rubio determining the fate of venezuela and its people go ahe

jorge: seguimos con el tema de venezuela. y el reconocimiento que ha recibido juan guaidÓ como presidente interino de venezuela el fiscal general acusÓ la asamblea nacional controlada por la oposiciÓn de desacato, y como nos informa francisco receta desde caracas los jefe militares dicen que continÚan apoyando a maduro. francisco: son pronunciamientos militares, uno detrÁs del otro, todos en respaldo del gobernante nicolÁs maduro. >> le profesamos nuestra lealtad y subordinaciÓn absoluta. francisco: oficiales de alto mando o y el ministro de la defensa que se muestran en televisiÓn sin fisuras aparente anunciando golpe de estado y indicando nicolÁs maduro como presidente. >> se lleva a cabo un golpe de estado contra la instituci honra la democracia y nuestra lentitud. francisco: esto luego de la marcha del dÍa de ayer en la que se juramentÓ en un presidente interino de venezuela juan guaidÓ. >> esto lo hace para de conocer las autoridades legÍtimas mediante nuevo criterio de los laboratorios cooperativos. francisco: juramenta

quite the opposite in venezuela.ould you not unite for the president and fight for the people who are suffering. there's nothing to eat, there is nothing to buy, there is oppression. how could you side with a brutal dictator who you see every day on television struggling. they are so self-righteous, they will not even come to the aid of those in need. why, president trump says that he is for a change in government. has not just president trump, it's not just what we want. it's what's in the best interest of the people of venezuela. they cannot even see that. >> you are so right. it's very sad that it has come to this. i think we need a gut check. we all need to remember our own moral compass and what we stand for us americans. while we don't want to intervene where we should not be intervening, this is a country right here in our western hemisphere. if we are not there helping out, the russians, has below, the the iranians, the chinese, they are all there. >> absolutely. >> it's time to do the right thing on many lev

miss venezuela, actually. you were recently in venezuela.t what you saw there and the change in your country. what it's like. >> it's tough. when you go on the streets. there is no lights in the streets at night. and obviously you see a lot of places shut down. there is, you know, restaurants empty. there is a carton of eggs that cost 11,000 boleros. trish: what is a dozen eggs. that in dollars would be $4. but minimum wage is 18,000. $6 or $7 it's hard to see people suffering and being hungry in a country that used to have it all. we want that change that i think at the time, the time has come that guaido has done an excellent job going through the constitution and going a step at a time. obviously the support of all the different countries we never had before. trish: do you think there is a chance it will succeed? >> absolutely. the support we are getting from different countries we have never gotten before. i think guaido has done a great job. trish: glad to have you here. more "trish regan primetime" next. t ext week. edward jones came t

in venezuela.ou will be the one responsible, mr. president donald trump, responsible for this policy of regime change in venezuela and the blood that could flow in venezuela will be the blood that will be on your hands. >> well, russia's foreign minister, sergey lavrov, backs maduro. he called the u.s. sanctions illegal, while the u.s.-backed interim president juan guaido praised them for protecting venezuelan assets. here's what he said. >> translator: for a very long time, maduro's regime stole this money, an estimated $4 billion, which is four times venezuela's gdp in losses. this would protect assets so that they can be used towards venezuelans and to attend to the humanitarian emergency that is at the center of our policies. >> there is a massive humanitarian crisis in venezuela. right now also the united nations says more than 40 venezuelans have been killed in the recent unrest and 850 have been arrested. but what happens if there is a violent crackdown? joining me now is senator bob menende

prospects of oil sanctions on venezuela ? presumably it prospects of oil sanctions on venezuela?pple an economy already on its knees or could there be other customers, apart from the us? the fa ct customers, apart from the us? the fact is that 80% of the cash reve nu es fact is that 80% of the cash revenues that venezuela generates from oil comes from the us so sanctions on us, on venezuela on oil exports will be devastating but they will also affect the us. there is a feeling that the us government wouldn't want to do something that drastic but in fact, in recognising juan guaido and saying they will try to divert resources from oil sales should go to government accounts, that they will directed to juan guaido by some means, that is in effect, the us pushing for a way through without taking that step of putting actual sanctions on oil exports. let's go to the swiss ski resort of davos now, where the trade war between the us and china is one of the big issues concerning global business leaders at this year's world economic forum. as the new boss of investment giant goldman sachs