The Trump administration has frozen all Venezuelan government assets in a significant escalation of tensions with socialist leader Nicolás Maduro.
WASHINGTON — The Trump administration has frozen all Venezuelan government assets in a dramatic escalation of tensions with socialist leader Nicolás Maduro, who has stubbornly clung to power in the face of mounting international pressure.
While the order falls short of an outright trade embargo, it represents the most determined U.S. action to remove Maduro since the Trump administration recognized opposition leader Juan Guaidó as 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 U.S. measures.
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 U.S. The executive order comes the day before Trump’s national security adviser John Bolton and U.S. Commerce Secretary Wilbur Ross represent the United States at the International Conference for Democracy in Venezuela.
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