CARACAS, Venezuela – Panama withdrew its ambassador from Venezuela on Thursday and avenged the South American nation (1
Venezuela on Thursday announced a temporary ban on a group of Panamanian companies and leaders. Among them were also President Juan Carlos Varela and Copa, one of the few airlines still operating in Venezuela.
In announcing the retreat of his envoy, Panama's government described the Venezuelan move as "a political reaction without substance." Panama also asked Venezuela
The dispute comes when Venezuela is in economic and political crisis and increasingly isolated from the global community.
The 90-day ban restricts operations within Venezuela to 22 executives and 46 companies in Panama.
Caracas justified the suspension by saying that it was a "measure of protection of the financial, economic and commercial system."
Panama has named 16 Venezuelan companies and 55 individuals suspected of money laundering.
The list also includes the Venezuelan Vice President, leader of the Socialist Party, Diosdado Cabello, and Attorney General Tarek William Saab
The United States has sanctioned Maduro and dozens of top officials accusing the country of human rights abuses and slipping into dictatorship.
The European Union has also imposed economic and travel sanctions on seven high-ranking Venezuelan officials accused of violating the rule of law.
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