Venezuela accuses US of ‘criminal blockade’ as it moves to freeze govt assets

The US has imposed new restrictions on Venezuela, blocking its authorities assets and threatening anybody coping with it with secondary sanctions. The transfer prompted an indignant response from Caracas.

The sanctions goal Venezuela’s authorities assets within the US, as effectively as people, firms, and nations doing enterprise with Caracas.

“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of the Government of Venezuela that are in the United States… are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in,” the chief order signed by US President Donald Trump reads.

The announcement was bolstered by a barrage of threats issued by US National Security Advisor John Bolton, who stated “anyone” coping with President Nicolas Maduro and his authorities will face secondary sanctions. He singled out Moscow, which has been engaged in financial and army cooperation with Venezuela for a very long time.

“The United States is acting assertively to cut off Maduro financially, and accelerate a peaceful democratic transition,” Bolton stated. “We say again to Russia, and especially to those who control its finances: ‘Do not double down on a bad bet!’”

The US won’t acknowledge any elections held in Venezuela as lengthy as Maduro stays in energy, Bolton warned, including that nations, firms, and people should select between doing enterprise with Caracas or Washington.

The aggressive transfer and rhetoric prompted an indignant response in Caracas, which branded the US’ actions acts of “economic terrorism,” however stated the US’ choice is hardly stunning. The new sanctions solely “formalize a criminal economic, financial, and commercial blockade that has already started,” Venezuela’s Foreign Ministry stated. It additionally vowed to not permit the “escalation of aggressions” to have an effect on “political dialogue processes.”

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