French Foreign Minister Jean-Yves Le Drian, center, attends a meeting of EU foreign ministers at the European Council building in Brussels, Monday, Feb 22, 2021. European Union foreign ministers on Monday will look at options for imposing fresh sanctions against Russia over the jailing of opposition leader Alexei Navalny as the 27-nation bloc considers the future of its troubled ties with the country. (Yves Herman, Pool via AP)
BRUSSELS (AP) — The European Union on Monday imposed sanctions on 19 more officials in Venezuela accused of undermining democracy or rights abuses in the crisis-torn South American country.
EU foreign ministers targeted the 19 with asset freezes and travel bans “in view of the deteriorating situation in Venezuela following the December 2020 elections.” The main opposition parties boycotted those polls.
It means that a total of 55 Venezuelan officials are now subject to EU sanctions.
“The individuals added to the list are responsible, notably, for undermining the oppositions’ electoral rights and the democratic functioning of the National Assembly, and for serious violations of human rights and restrictions of fundamental freedoms,” the ministers said.
They said the measures are not designed to “to have adverse humanitarian effects or unintended consequences for the Venezuelan population, and can be reversed.”
Once a wealthy oil nation, Venezuela is now mired in a deep economic crisis, which critics blame on two decades of failed socialist policies that have left the nation bankrupt and its infrastructure crumbling. President Nicolás Maduro says he is under attack from the United States, which wants to oust him from power.
20 "Past Their Prime" Stocks to Dump From Your Portfolio
Did you know the S&P 500 as we know it today does not look anything close to what it looked like 30 years ago? In 1987, IBM, Exxon, GE, Shell, AT&T, Merck, Du Pont, Philip Morris, Ford, and GM had the largest market caps on the S&P 500. ExxonMobil is the only company on that list to remain in the top 10 in 2017. Even 15 years ago, companies like Radio Shack, AOL, Yahoo, and Blockbuster were an important part of the S&P 500. Now, these companies no longer exist as public companies.
As the years go by, some companies lose their luster, and others rise to the top of the markets. We've already seen this in the last few decades, with tech companies surpassing industrial and energy companies that once dominated the S&P 500. It's hard to know what the next mega-trend will be that will knock Apple, Google, and Amazon off the top rankings of the S&P 500, but we know that companies won't stay on the S&P 500 forever.
We've identified 20 companies that are past their prime. They aren't at risk of a near-term delisting from the S&P 500, but they show negative earnings growth for the next several years. If you own any of these stocks, consider selling them now before they become the next Yahoo, Radio Shack, Blockbuster, AOL and are sold off for a fraction of their former value.
View the "20 "Past Their Prime" Stocks to Dump From Your Portfolio".