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Trump freezes all Venezuelan government assets in US
Source: Associated Press
Trump freezes all Venezuelan government assets in US
Associated Press
Tue 6 Aug 2019 03.13 BST Last modified on Tue 6 Aug 2019 03.55 BST
The Trump administration has 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 Venezuela that 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 are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in,” the executive order says.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 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 US measures.
-snip-
Associated Press
Tue 6 Aug 2019 03.13 BST Last modified on Tue 6 Aug 2019 03.55 BST
The Trump administration has 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 Venezuela that 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 are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in,” the executive order says.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 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 US measures.
-snip-
Read more: https://www.theguardian.com/us-news/2019/aug/06/trump-freezes-all-venezuelan-government-assets-in-us
______________________________________________________________________
Source: Associated Press
Bolton warns foreigners that violate Venezuela asset freeze
By JOSHUA GOODMAN and DEB RIECHMANN
August 6, 2019
WASHINGTON (AP) — U.S. National Security Adviser John Bolton pressed his case Tuesday for sweeping action against Venezuela’s President Nicolás Maduro, warning foreign governments and companies that they could face American retaliation if they continue to do business with his socialist administration.
Bolton’s comments came after the White House on Monday night froze all Venezuelan government assets in the U.S., putting the country on a short list of U.S. adversaries, including Cuba, North Korea, Syria and Iran that have been targeted by such aggressive financial measures.
“Now, Venezuela is part of this very exclusive club of rouge states,” Bolton said at a one-day conference in Peru of more than 50 nations aligned against Maduro.
The ban blocking companies and individuals from doing business with Maduro’s government and its top supporters took effect immediately and is the first of its kind in the Western Hemisphere since an asset freeze against Gen. Manuel Noriega’s government in Panama and a trade embargo on the Sandinista leadership in Nicaragua in the 1980s.
-snip-
By JOSHUA GOODMAN and DEB RIECHMANN
August 6, 2019
WASHINGTON (AP) — U.S. National Security Adviser John Bolton pressed his case Tuesday for sweeping action against Venezuela’s President Nicolás Maduro, warning foreign governments and companies that they could face American retaliation if they continue to do business with his socialist administration.
Bolton’s comments came after the White House on Monday night froze all Venezuelan government assets in the U.S., putting the country on a short list of U.S. adversaries, including Cuba, North Korea, Syria and Iran that have been targeted by such aggressive financial measures.
“Now, Venezuela is part of this very exclusive club of rouge states,” Bolton said at a one-day conference in Peru of more than 50 nations aligned against Maduro.
The ban blocking companies and individuals from doing business with Maduro’s government and its top supporters took effect immediately and is the first of its kind in the Western Hemisphere since an asset freeze against Gen. Manuel Noriega’s government in Panama and a trade embargo on the Sandinista leadership in Nicaragua in the 1980s.
-snip-
Read more: https://apnews.com/7314263d68924c2990e52f1ff1ea99d8
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