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Venezuela: US government freezes Venezuela's assets

2019-08-06T03:06:57.922Z

The US government has blocked all assets of the Venezuelan government. In addition, Americans are no longer allowed to do business with Caracas.


In the conflict over the troubled state of Venezuela, US President Donald Trump has imposed new sanctions on the South American country. All possessions and property rights of the Venezuelan government in the US have been blocked, according to Trump's order. The assets may not be transferred, disbursed, executed or deducted. In addition, a trade ban was issued. As of now, Americans are no longer allowed to do business with the Caracas government.

The US thus increases the pressure on the socialist president Nicolás Maduro. The ruling is not a complete trade embargo, but another attempt by the US government to shift power in the South American country. The reason given for the sanctions is the "illegal appropriation" of the Venezuelan president's power and violations of human rights by his supporters.

Venezuela is in a serious economic and humanitarian crisis. Due to the hyperinflation, the money is worthless, many Venezuelans are impoverished and hungry, again and again it comes to massive power outages. In addition, the health system has collapsed and diseases are spreading. Every year about one million people flee the crisis. Most of the refugees, according to UN refugee aid, live in neighboring Latin American countries such as Colombia, Chile or Ecuador. But also Mexico and countries in Central America and the Caribbean take in refugees.

Maduro and Juan Guaidó have been fighting for power for months. Parliament President Guaidó himself was appointed interim president of the country in January. He is recognized by more than 50 states, among them Germany and the USA. Maduro, on the other hand, has the support of countries such as Russia, China and Cuba - and also knows the Venezuelan military leadership behind it.

In several days of negotiations on the Caribbean island of Barbados, both sides had agreed in mid-July on regular talks. It should be worked on a solution of the conflict "within the framework of the Constitution".

Source: zeit

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