WASHINGTON (AP) The Trump administration froze all Venezuelan government assets in a dramatic escalation of tensions with Nicolás Maduro that places his socialist administration alongside a short list of adversaries from Cuba, North Korea, Syria and Iran that have been targeted by such aggressive U.S. actions.
The ban, blocking American companies and individuals from doing business with Maduros government and its top supporters, took effect immediately Monday and is the first of its kind in the Western Hemisphere in more than three decades, following an asset freeze against Gen. Manuel Noriegas government in Panama and a trade embargo on the Sandinista leadership in Nicaragua in the 1980s.
While the order falls short of an outright trade embargo notably, it spares Venezuelas still sizable private sector it represents the most sweeping U.S. action to remove Maduro since the Trump administration recognized opposition leader Juan Guaidó as Venezuelas rightful leader in January.
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