The EU is readying sanctions and an arms embargo against Venezuela

Venezuela's President Nicolas Maduro talks to the media during a news conference at Miraflores Palace in Caracas, Venezuela October 17, 2017. REUTERS/Carlos Garcia RawlinsThomson Reuters

BRUSSELS (Reuters) – European Union foreign ministers approved economic sanctions including an arms embargo on Venezuela on Monday, but will decide who to target at a later stage, officials said.

Ministers agreed the arms embargo and the legal basis for travel bans and asset freezes without debate at a regular meeting in Brussels.

(Reporting by Robin Emmott; editing by Philip Blenkinsop)

NOW WATCH: Venezuela was Latin America’s richest country and now it is in complete crisis — here’s how it fell apart

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