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SANCTIONS: Turkey under pressure to stop buying gold from Venezuela

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The international community especially the European Union are putting the Turkish government under pressure to stop buying gold from South American country Venezuela.

Reports say Turkey is now considered the main concern among countries engaging in trade with Venezuela as there are growing suspicion that gold exported to Turkey ends up in Iran which violates US sanctions.

Recall that Turkish President Recep Tayyip Erdogan has declared support for embattled Venezuelan president Nicolas Maduro who is facing growing political challenge back home.

The development is coming after the US tightened its grip on sanctions imposed on Venezuela after warning traders not to deal in the country’s gold or oil.

Read also: Trump out to kill me, Venezuela’s Maduro claims

The warning was issued by national security adviser John Bolton who tweeted that traders should not deal in gold, oil or other commodities “being stolen” from the Venezuelan people.

Bolton’s warning comes after US president Donald Trump spoke to Venezuela’s self-proclaimed interim president, Juan Guaido, by phone on Wednesday, reiterating support for his “fight to regain democracy”.

The sanctions imposed on Venezuela are aimed at forcing socialist President Nicolas Maduro from power, as his opponents are worried that a Russian-operated plane shipped gold out of Caracas on Wednesday afternoon.

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