Trump imposed a freeze on all Venezuelan government assets in the U.S. on Monday, sharply escalating an economic and diplomatic pressure campaign aimed at removing socialist President Maduro from power
WASHINGTON - U.S. President Donald Trump imposed a freeze on all Venezuelan government assets in the United States on Monday, sharply escalating an economic and diplomatic pressure campaign aimed at removing socialist President Nicolas Maduro from power.
Russian and Chinese companies are among those still doing significant business in the South American OPEC nation. Quintana said it appeared the order would be a sweeping embargo on doing business with Venezuela, although she was awaiting further details.The United States and most Western nations have called for Maduro to step down and have recognized Venezuelan opposition leader Juan Guaido as the country’s legitimate president.
U.S. officials have long said they had other weapons in their economic arsenal, even as they privately expressed frustration that European partners and others had not taken stronger steps and that the months-long pressure campaign had not made more headway. Fernando Cutz, a former top Trump adviser on Latin America, said the executive order could be applied to non-U.S. firms and entities, limiting their ability to do business with Venezuela if they wanted to continue to deal with U.S. companies or banks.
Bolton is slated to give a speech on Tuesday morning at a gathering of more than 50 countries in Lima, Peru, that would outline a planned U.S. initiative to lead to a peaceful transfer of power in Venezuela.
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