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Trump orders freeze on all Venezuelan govt. assets in US

A man walks past a wall reading "Trump unblock Venezuela" in Caracas on August 6, 2019, the day after US President Donald Trump ordered a freeze on all Venezuelan government assets in the United States. (Photo by AFP)

Jesus Silva
Press TV, Caracas

 

US President Donald Trump has issued an executive order freezing all Venezuelan assets located on the United States territory, in what analysts regard as dramatic escalation of tensions with the government of his Venezuelan counterpart, Nicolas Maduro.

The US move places this crisis-hit Latin American country alongside a list of nations like Cuba, Syria and Iran who have been targeted by such aggressive US actions. According to Washington, the executive order signed by President Trump is justified on Maduro's "continued usurpation of power" and human rights abuses by security forces loyal to him.

In this context, Caracas has consistently denounced the US economic sanctions as blatant acts of economic terrorism, and has demanded the return of all the Venezuelan assets illegally frozen by the Trump administration

From a different angle, the opposition says the US sanctions only hit Maduro and his associates. However, on the street working-class citizens criticize the U.S move. Meanwhile, analysts say the US move will worsen Venezuela's economic crisis

Experts describe the US move as a full-scale blockade which hits Venezuela in economic terms but validates Maduro's accusations over US violations of International law. 


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