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Switzerland freezes assets linked to Venezuela’s Maduro

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Switzerland freezes assets linked to Venezuela’s Maduro

Switzerland has frozen ‍any assets held in the ‍country by Venezuela’s Nicolas Maduro and associates, the Federal Council said on Monday, following ⁠his arrest by US forces in Caracas and transfer to the United States.
Axar.az informs, citing Reuters, the measure, effective immediately and valid for four ‍years, aims to prevent an outflow of ‍potentially illicit ‍assets and ⁠is in ‌addition to existing ⁠sanctions ‍imposed on Venezuela since 2018, the ⁠statement said.

The asset freeze does not ‌affect members of the current Venezuelan government, and Switzerland said it will seek ‍to return any funds found to be illicitly acquired to benefit the Venezuelan people.

Date
2026.01.05 / 16:13
Author
Axar.az
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