Trump expands Venezuela sanctions to full embargo of government assets, transactions

Trump expands Venezuela sanctions to full embargo of government assets, transactions
Nicolas Maduro (Image: YouTube screen grab via RT)

[Ed. – The embargo is not of humanitarian goods. Because the socialist government owns state industries, the embargo will affect them across the board.  This is a strong-arm move against the Maduro government. Russia and China will seek to circumvent it, of course. Not clear how it will turn out.]

President Donald Trump has frozen all U.S.-linked assets of the Venezuelan government — imposing a total economic embargo on the South American nation his administration says is designed to choke off the regime’s “financial lifeline.” …

The order also revokes more than 700 visas, which “affects more than 100 former Venezuelan diplomatic personnel,” the White House said in a statement Tuesday. …

The only exceptions allowed under the order include official federal government business and humanitarian aid. …

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The only other countries under such heavy U.S. sanctions are North Korea, Iran, Syria and Cuba.

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