Trump Freezes All Venezuelan Government Assets in US
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 Guardian reports.
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 are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in,” the executive order says.
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.
Previous sanctions have targeted dozens of Venezuelan government insiders as well as the South American nation’s oil industry, the source of almost all of its export earnings.
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 US.
Exceptions will be allowed for the delivery of food, medicine and clothing. Transactions with Venezuela’s still sizeable private sector do not appear to be affected either.
China and Russia have continued to back Maduro, prompting US national security adviser, John Bolton, to warn the two countries on Monday against doubling down in their support for him.
On Tuesday Bolton, and US Commerce Secretary, Wilbur Ross, represent the United States at the International Conference for Democracy in Venezuela.
The conference is being attended by representatives from more than 50 nations that recognise Guaidó as Venezuela’s president and consider Maduro’s re-election last year to be fraudulent.
Moments after the executive order was announced, Bolton tweeted that he was looking ahead to what he hopes will be a “productive” day in Lima.
Stepanakert Extends its International Relations
Nikol Pashinyan: “Developments in Armenia’s Security Environment Go in Tune with Security Council’s Forecasts”
President of Artsakh Received Rector of the National Polytechnic University of Armenia
New EU Ambassador to Armenia Presents Credentials to President Sarkissian
ANCA Presses US Department of State on Durable, Democratic Peace between Artsakh and Azerbaijan
President Bako Sahakyan Received a Group of Representatives of the Republic's Physical Culture and Sports Sphere
Lagarde Wins EU Lawmakers' Approval to Lead European Central Bank
Blast Hits Eni Refinery, No Injuries
Trump Rules out North Korea Visit for Now
Deadly Clashes On Tajik-Kyrgyz Border Leave One Dead
Ex-President of Armenia Will Remain in Custody
President Sarkissian Receives International Experts, Venture Investors Luigi Amati and Brigitt Bauma
Khamenei Says Iranian Officials 'Will Never Talk To America'
Blackout Hits 4 Nations in Central America, Affects Millions
Trump Says U.S. Reaches Trade Deals With Japan, No Word on Cars
OSCE to Conduct Monitoring on Artsakh-Azerbaijan Border
Trump: ‘We’d Certainly Like to Avoid’ War With Iran
Armenian Prime Minister to Travel to United States on Working Visit
Israelis Vote in Second General Election in Five Months
PM Attends Housewarming Ceremonies in Jrashen Community of Lori Marz
Famous Russian Singer Lyubov Uspenskaya Performed an Armenian Song in Azerbaijan (VIDEO)
The Government Dismisses the Mayors, then Beats the Deputies Elected by the People: Garo Paylan
Models and Celebrities Love Kim Kardashian's Vogue Arabia Cover
Armenia PM: If Government Were Subjected to Pressure on Teghut Matter, Over 900 People Would Again Be Unemployed
Commemoration of Sts. John the Baptist and Job the Righteous
Declaration on Proclamation of the Nagorno Karabakh Republic
CSTO Will Always Welcome Cooperation with all the Former Republics of the USSR: Deputy Prime Minister of Russia
Jerusalem Municipality Plans to Reconstruct the Armenian Patriarchate Road
Government Sets up Terms and Conditions for Affordable Long-Term Mortgage Lending for Contract Servicemen
Mine Exploitation Means 10-25 Blasts a Day, with Each Blast Raising 25 Tons of Dust: Ex-Governor of Vayots Dzor
Wind: 5 km/h