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 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 are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in,” the executive order says.

The order, signed by President Trump on Monday, cited Maduro’s continued “usurpation” of power and human rights abuses by those loyal to him.

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.



https://www.theguardian.com/us-news/2019/aug/06/trump-freezes-all-venezuelan-government-assets-in-us

For what

ibkgab001:
For what

Read the op instead of fighting for ftc

J.D Trump should let this Venezuelans be biko
They have enough problems at hand
The inflation alone is enough to worry about
Trump administration sha wan cripple the country patapata!!
And Maduro will never step down for Trump’s candidate

Wow

America and cho-cho-cho-cho. Their people are killing each other like fowls yet they won't attend to it. Instead they busy themselves with affairs of other people.

Well, the shootings and random killings shouldn't bother Trump as long as it doesn't get to Washington DC. Hypocrisy at its peak.

Yet, some bigots and wannabe Jews will still come and be supporting the deluded country that calls itself world police.

This man and wahala are like 5 and 6

Potus should replicate same for this country...the wahala tomuch

May this treatment be given to all d politicians that have taken our money to foreign banks in Jesus name, Amen

Ok

A President that is full of Life

Imagine


Just in https://www.nairaland.com/5344217/trade-war-china-halts-purchase

Long expected

One day bushmeat go kill the Hunter.

China and Russia behind Maduro

Except US wants to use Venezuela has a test ground.

Nothing diplomatic about Trump

America will miss the likes of Clinton and Obama

Lol

They will soon face naija .... bubu should be careful in his actions and inaction

fergie001:
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...

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.

"The Art of the Deal"...

It is not the venezualan population that will still suffer this

Nigeria Next

See how some would be supporting him.

the economy of Venezuela will suffer n it will affect the masses more.those that are saying Nigeria is next should reason with eir head not their anus

How I wish they can do thesame to nigerians too.

I’m so proud of myself to live in America

A heaven on earth.

Trump trump... don't even kn what else to say

There are many ways to kill a rat

Trump walks the talk.

When will Trump recognise Mazi Nnamdi?

This treatment should be given to Nigeria instead, not Venezuela that are battling with their economy and everything else..

Next is Buhari and his fellow chronic looters

MAGA