<p class="title">The "grave situation" in Venezuela must end with a transition to new elections, the European Union said on Friday, warning it was ready to impose new economic sanctions on the government of President Nicolas Maduro to hasten change.</p>.<p class="bodytext">"The EU confirms its readiness to work on further targeted measures," the bloc said in a statement after imposing on Friday travel bans and asset freezes for another seven Venezuelan security and intelligence officers accused of torture.</p>
<p class="title">The "grave situation" in Venezuela must end with a transition to new elections, the European Union said on Friday, warning it was ready to impose new economic sanctions on the government of President Nicolas Maduro to hasten change.</p>.<p class="bodytext">"The EU confirms its readiness to work on further targeted measures," the bloc said in a statement after imposing on Friday travel bans and asset freezes for another seven Venezuelan security and intelligence officers accused of torture.</p>