Fla. Bans Venezuela Investment Over Dictatorship Concerns

Anti-government demonstrators hold a poster that reads in Spanish “Democracy” during a protest against Venezuela’s President Nicolas Maduro in Caracas, Venezuela, Saturday, Aug. 12, 2017.  (AP Photo/Ariana Cubillos)

August 17, 2017
OAN Newsroom

Florida bans future investments in companies affiliated with Venezuelan President Nicolas Maduro or other members of his regime.

The move follows Maduro’s controversial vote over a new government body, which is a move many perceive as an effort to give him even more power.

Florida does not currently have any investments in companies controlled by the Venezuelan government, though it does keep future investments off the table.

Many Venezuelans living in Florida supported the move.

However, critics say it doesn’t go far enough and should instead take action against companies who do business with the Venezuelan government, including Goldman Sachs.

Critics say that Florida’s investment ban in Venezuela is rather symbolic than substantive.

The Florida Investment System does not have any investment in companies or assets connected to the Maduro regime.

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