The United States is ready to target any individual or country that supports Nicolás Maduro’s socialist regime.
On Tuesday, speaking from Peru’s capital Lima, U.S. National Security Adviser John Bolton said the Trump administration will start enforcing financial embargoes on anybody—at home or overseas—who supports Maduro’s regime.
This came a day after the Trump administration announced the latest measures, aimed at pressuring Maduro to resign.
“Not only are we not going to relieve sanctions on the Maduro regime; yesterday President Trump signed an executive order to impose full blocking sanctions on assets of the government of Venezuela within our jurisdiction,” said Bolton.
Bolton continued, “I want to be clear that this sweeping executive order authorizes the U.S. government to identify, target, and impose sanctions on any persons who continue to provide support to the illegitimate regime of Nicolás Maduro.”
It is the “most sweeping executive order” that the Trump administration has implemented, in relation to Venezuela during the last six months. “It’s a very broad action with very broad implications,” stated Bolton.
“This now covers everything having to do with the government of Venezuela, every aspect of it,” said Bolton, stating that the embargo applies to “all those who cooperate, or assist, or support any element of the government of Venezuela.”
It “includes any foreign entity—government, corporation, person, who contributes to keeping the Maduro regime in power,” said Bolton, asking the questions: “Do you want to do business in Venezuela? Or do you want to do business with the United States?”
Clearly, the Trump administration is taking steps to “deny Maduro access to the global financial system and to further isolate him internationally.” The executive order placed Maduro’s regime “on notice,” stated Bolton.
This is the first time in 30 years that the United States has imposed “an asset freeze” against any country in the Southern Hemisphere.
“There is no need to risk your business interests with the United States for the purposes of profiting from a corrupt and dying regime,” warned Bolton.
In a tweet on Tuesday morning, Bolton summarized President Donald Trump’s executive order.
The President’s action freezes all of Maduro’s assets & prohibits transactions with the Government of Venezuela, authorizes sanctions on foreign persons that provide support or goods or services to any designated person, and restricts entry into the U.S. of those individuals.
— John Bolton (@AmbJohnBolton) August 6, 2019
He stated that the executive order succinctly demonstrated the Trump adminstration’s resolve for a “peaceful transition of power” from Nicolás Maduro to opposition leader Juan Guaidó.
Bolton said the U.S. policy puts pressure on Maduro, “his insiders, and enablers who profit from the misery of Venezuela’s people.” He stated that the sanctions are the same as those imposed on Cuba, North Korea, Syria, and Iran and he called them an “exclusive club of rogue states.”
The United States is among more than 50 nations that support opposition leader Juan Guaidó’s endeavor to oust Maduro. As the United States is taking actions to assertively cut off Maduro financially and to accelerate a peaceful democratic transition, it is calling for its international partners to take similar action.
“The longer, we wait the more the Venezuelan people suffer,” said Bolton, stating that Venezuelan people can have a “bright future” because their country has “more proven petroleum reserves than any other country in the world.