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Venezuelan FM Nicolas Maduro has warned : “There are several proposals that are being evaluated by President Chávez to respond to the United States’ imperialist pretensions' ...and that it could no longer guarantee regular oil shipments after Washington placed sanctions on state oil giant PDVSA.
The sanctions bar PDVSA from access to U.S. government contracts and import/export financing.
However, they do not affect the sale of oil to the USA, other global markets or its U.S.-based CITGO subsidiary.
An associate of Chávez accused the USA of trying to be "the world's policeman as it steps on the sovereignty of the people."
Venezuela currently sends the USA about 45% of its crude.
The USA hopes to further disrupt Iran's fuel supplies.
Chavez has been recovering from a knee problem since 9 May.
The injury forced him to cancel a three-nation tour of Latin America earlier this month. He has declared that his recovery "is going to be slow."
