"Anyone who promotes, requests, supports, finances or participates in "acts of piracy, blockades or other international illegal acts" against commercial entities operating in the South American country could face fines and a prison sentence of up to 20 years, according to the amended legislation. The new law, which was introduced, debated and passed within two months, came after US forces seized two tankers carrying Venezuelan oil in international waters this month."
"It also directs the executive branch to come up with "incentives and mechanisms for economic, commercial and other protections" for national or foreign entities doing business with Venezuela in the event of piracy activities, a maritime blockade or other unlawful acts. While the parliament endorsed the bill, it will only go into effect after receiving approval by President Nicolas Maduro."
Lawmakers passed legislation criminalizing activities that hinder trade and commerce, including the seizure of oil tankers. Individuals who promote, request, support, finance or participate in "acts of piracy, blockades or other international illegal acts" against commercial entities face fines and up to 20 years in prison. The law directs the executive branch to devise incentives and protections for national or foreign entities doing business with Venezuela in cases of piracy or maritime blockade. The measure was introduced, debated and enacted within two months after US forces seized two tankers carrying Venezuelan oil. The bill requires presidential approval before taking effect. Venezuela sought an emergency UN Security Council meeting and accused the US of acting outside international law.
Read at www.dw.com
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