The United States sanctioned President Nicolas Maduro and other Venezuelan officials after Maduro established a constituent assembly run by his Socialist Party loyalists and cracked down on widespread opposition.
Even as the USA for now holds back applying economic sanctions, the Maduro government is finding itself increasingly isolated from financial markets.
Speaking before a new loyalist assembly that he saw elected last month, Maduro said he had also given officials orders to organise a face-to-face meeting with Trump, "if it can happen", when the two of them are in NY on September 20 for the UN General Assembly.
In fact, an interesting one may be developing in Peru, which has organized a regional meeting of foreign ministers this week to discuss Venezuela. "Mister Donald Trump، here is my hand،" he said.
Senators from the oil states of the US urged President Donald Trump to not block oil shipments from Venezuela as part of USA sanctions against the country, saying it could raise costs for US fuel consumers.
Trump recently imposed sanctions on Maduro, accusing him of undermining democracy.
On Thursday, the opposition accused the government Thursday of persecution after the supreme court this week sentenced two of its mayors to 15 months in prison for not preventing anti-government protests.
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Venezuela is facing mounting global criticism over Maduro's crackdown on opponents and moves to consolidate power, including the selection of the all-powerful assembly.
The remarks came shortly after Maduro forcefully warned the United States president that Venezuela "will never give in".
The Maduro regime is under increasing economic and diplomatic pressure as the political crisis in Venezuela gets worse.
"As head of state، I subordinate myself to the powers of this Constituent Assembly،" the Venezuelan president said.
The National Assembly is controlled by the opposition, while the constituent assembly was elected July 30 in a process that has been denounced as fraudulent by bishops, much of the global community, and the company in charge of the election's electronic voting system. That appears to refer to a vote on July 30 that many say turned Venezuela into a dictatorship.
The US has slammed Venezuela for the establishment of the National Constituent Assembly، where Maduro was speaking on Thursday.
After the Treasury Department announced direct sanctions on Maduro last week, he poked fun at Trump for becoming president through the electoral college but losing the popular vote in the November election.