Trump freezes all Venezuelan government assets in US.

Pedro_P

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Executive order says assets may not be ‘transferred, paid, exported, withdrawn’, as tensions with President Maduro escalate.

Opponents of Venezuela’s President Nicolas Maduro demonstrate in July. Washington has frozen all of Venezuela’s assets in the US. Photograph: Yuri Cortéz/AFP/Getty Images
▼  The Trump administrationhas frozen all Venezuelan government assets in a significant escalation of tensions with socialist leader Nicolás Maduro. It places Washington’s trade relations with the South American country on a par with Cuba, Syria, Iran and North Korea.
The ban on Americans doing business with Venezuela’s government takes effect immediately.
“All property and interests in property of the Government of Venezuelathat are in the United States ... are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in,” the executive order says.
The order, signed by President Trump on Monday, cited Maduro’s continued “usurpation” of power and human rights abuses by those loyal to him.
While the order falls short of an outright trade embargo, it represents the most determined US action to remove Maduro since the Trump administration recognised opposition leader  Juan Guaidóas Venezuela’s rightful leader in January. As such, it places Venezuela on par with adversaries such as Cuba, Syria, Iran and North Korea, who have also come under strident US measures.
Previous sanctions have targeted dozens of Venezuelan government insiders as well as the South American nation’s oil  industry, the source of almost all of its export earnings.
As part of the executive order, Americans will be banned from engaging in transactions with anyone determined to be assisting Maduro or his government. The same Maduro supporters will also be banned from entering the US.
Exceptions will be allowed for the delivery of food, medicine and clothing. Transactions with Venezuela’s still sizeable private sector do not appear to be affected either.
China and Russia have continued to back Maduro, prompting US national security adviser, John Bolton, to warn the two countries on Monday against doubling down in their support for him.
On Tuesday Bolton, and US Commerce Secretary, Wilbur Ross, represent the United States at the International Conference for Democracy in Venezuela.
The conference is being attended by representatives from more than 50 nations that recognise Guaidó as Venezuela’s president and consider Maduro’s re-election last year to be fraudulent.
Moments after the executive order was announced, Bolton  tweeted that he was looking  aheadto what he hopes will be a “productive” day in Lima.

► This news was originally published here: Source

themaskeditor

I do believe that Maduro  may be corrupt and the people of Venezuela may be suffering. But the USA should not teach them human rights lessons. They have screwed up countries like Afghanistan, Syria, Iraq and now are after Iran, north Korea etc.

It will be a big loss to Maduro if he is having personal assets in the USA otherwise I don't think this will impact much to Venezuela. Maybe their dollar payments would be put on hold.