Trump imposes total U.S. freeze on Venezuelan government assets

Section:

By Makini Brice, Eric Beech, Matt Spetalnick, and Roberta Rampton
Reuters
Monday, August 5, 2019

WASHINGTON -- President Donald Trump today imposed a freeze on all Venezuelan government assets in the United States, sharply escalating a diplomatic and sanctions drive aimed at removing socialist President Nicolas Maduro from power.

The executive order signed by Trump goes well beyond the sanctions imposed in recent months against Venezuela's state-run oil company PDVSA and the country's financial sector, as well as measures against dozens of Venezuelan officials.

... Dispatch continues below ...



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"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 are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in," according to the executive order released by the White House.

The scope of the announcement came as a surprise even to some Trump administration allies. "This is big," said Ana Quintana, senior policy analyst with the Heritage Foundation, a conservative Washington think tank.

Quintana said it appeared the order would be a sweeping embargo on doing business with Venezuela, although she was awaiting details. ...

... For the remainder of the report:

https://www.reuters.com/article/us-venezuela-politics-usa-order/trump-im...

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