Trump Imposes Economic Embargo on Venezuela

US will freeze all Venezuelan assets

President Trump signed an executive order late Monday imposing a full economic embargo against Venezuela, freezing all government assets in the US and forbidding all transactions of any Venezuelan officials.

This is the first major expansion of sanctions against a western hemisphere nation by the US in over 30 years, and is intended to put Venezuela into the same level of economic isolation as similarly restricted Cuba, Iran, North Korea, and Syria.

The order cites human rights abuses, and the fact that President Maduro is still in power in Venezuela, even though the US recognized opposition leader Guaido as the rightful ruler of the country.

This is the latest US effort to try to impose regime change in Venezuela, after a failed military coup earlier this year. It’s not clear how broadly the US intends to enforce the sanctions, for example if they intend to use military force to prohibit naval trade from the Venezuelan coast

Author: Jason Ditz

Jason Ditz is news editor of Antiwar.com.