Venezuelan President Nicolas Maduro said Tuesday that the United States will be the most affected if it decides to impose economic sanctions on the South American country over the recent violent protests that had left 29 dead and over 400 injured.

In a radio and television program "In contact with Maduro," Maduro said that the Obama administration should evaluate its next steps because it surely would be harmed by these initiatives.

"The oil that they do not buy here we'll sell it somewhere else, even at a better price perhaps," he said.

During the three-hour program, Maduro called on the Venezuelan opposition to join the National Peace Conference and Dialogue which he has made for the last five weeks since the violence broke out in the country.