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  • President Evo Morales speaks during a ceremony in Cobija, Pando, Bolivia, August 6, 2017.

    President Evo Morales speaks during a ceremony in Cobija, Pando, Bolivia, August 6, 2017. | Photo: Reuters

Bolivia also said it would help to organize the World Summit in Solidarity with Venezuela called for by Maduro.

The Bolivian President Evo Morales has slammed the United States’ latest round of sanctions against Venezuela, calling them a “financial blow”.

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"For imperialism and its agents, it is a double crime to be an Indigenous person and tell the truth. Despite racist attacks, the struggle for dignity will continue," Morales added.

He condemned the sanctions as an “economic coup against Venezuela” which violate “principles of sovereign equality.”

Morales also denounced the Secretary-General of Organization of American States Luis Almagro, the former Mexican President Vicente Fox and other “accomplices of the coup” for remaining silent in the wake of the measures.

"Trump's economic coup against Venezuela is reprisal, in violation of principles of sovereign equality and integration of UN countries."

This week Bolivia also expressed its willingness to help organize the World Summit in Solidarity with Venezuela, which has been called for by the Venezuelan President Nicolas Maduro, with the objective of rejecting international aggression against the country.

The latest sanctions ban the trading of Venezuelan debt and prevents the country's state-run oil company, Petroleos de Venezuela SA, or PDVSA, from selling new bonds to U.S. citizens or financial groups.

The sanctions also come just weeks after the U.S. President Donald Trump issued a military threat against Venezuela.

“We have many options for Venezuela and by the way, I’m not going to rule out a military option,” Trump told reporters.

“A military operation and military option is certainly something that we could pursue.”

His comments were widely rejected by regional leaders.

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