Trump orders freeze on all Venezuelan govt assets in US

WASHINGTON: President Donald Trump on Monday ordered a freeze on all Venezuelan government assets in the United States and barred transactions with its authorities, in Washington´s latest move against President Nicolas Maduro.

The announcement came a day ahead of a major conference in Lima on the Venezuelan crisis, where the US delegation is set to announce "sweeping steps" against the regime in Caracas. Trump took the step "in light of the continued usurpation of power by Nicolas Maduro and persons affiliated with him, as well as human rights abuses," according to the order.

The Wall Street Journal said the move was the first against a Western Hemisphere government in over 30 years, and imposes restrictions on Caracas similar to those faced by North Korea, Iran, Syria and Cuba. Asked last week if he was considering a "blockade or quarantine" of Venezuela, Trump responded: "Yes, I am."

In Lima, the high-powered US delegation, including Trump´s National Security Advisor John Bolton and commerce secretary Wilbur Ross, is expected to outline further punitive measures. Bolton described those steps as "sweeping... with a lot of potential consequences."

Trump´s asset freeze order affects "all property and interests in property of the Government of Venezuela that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person." These assets "are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in."

The measure also bars transactions with Venezuelan authorities whose assets are blocked. It prohibits "the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to this order," as well as "the receipt of any contribution or provision of funds, goods, or services from any such person."