The words of President of the Councils of State and Ministers, Raul Castro Ruz, pronounced on July 14, 2017, when he said: "the aggression and coupist violence against Venezuela harm all our America and only benefit the interests of those intent on dividing us to exert their domination on our peoples, without being concerned to generate conflicts of incalculable consequences in this region, such as those we are seeing in different parts of the world".
According to the senior official, the Peruvian Government's decision was backed by foreign affairs ministers and representatives of the Group.
Venezuela's socialist government set the date on February 7, setting the stage for the likely re-election of President Nicolas Maduro despite his widespread unpopularity and a crushing economic crisis.
"On Tuesday, the Lima group of 14 Latin American countries plus Canada said the election would not be free and fair as long as Venezuela has political prisoners, the opposition was not fully participating and Venezuelans overseas were not allowed to vote". Peru's decision was made with the support of the Lima Group, which upheld the high democratic standard for Summit participation.More news: McDonald's nixes cheeseburger from Happy Meal as part of larger health push
The United States has said it will reject the Venezuelan election, the timing of which also drew condemnation from several of Venezuela's neighbors as well as nations in Europe.
The Lima Group also pledged to co-ordinate efforts to confront an exodus of Venezuelans that is putting pressure on the country's neighbours.
Colombian General Alberto Jose Mejia immediately dismissed the comments on a visit to the Colombian border town of Cúcuta where tens and thousands of Venezuelan migrants are fleeing.
A number of countries including the US and Colombia have already stated they will not recognize the results of April's presidential election.More news: Kanye West Settles $10 Million Insurance Claim with Lloyd's of London
'I appreciate the offers of financial and other aid from the global community. We need them because unfortunately this problem gets worse day by day, Santos said at an event in Bogota.
Colombia and Venezuela have a long history of diplomatic and territorial disputes.
The president said the embargo would be inconvenient both for the United States and Venezuela, and would be one of Trump's biggest political mistakes. That, combined with hyperinflation in the oil-rich country, has led to the mass exodus.More news: High Court Revokes Miguna Miguna's Deportation to Canada