On August 5, the President of the United States signed an Executive Order blocking all property and interests in property of the Government of Venezuela that are in the United States, that hereafter come within the United States, or that are or hereafter come within possession or control of any United States person.
This Executive Order is designed to directly target the former Maduro regime and those who support it, while exempting transactions related to humanitarian activity, including the provision of articles such as food, clothing, and medicine intended to be used to relieve human suffering. OFAC has concurrently issued a general license authorizing transactions with Interim President Juan Guaido, the National Assembly, and individuals appointed or designated by Guaido.
While this is not an embargo, this significant action is in response to the continuing usurpation of power by Maduro and persons affiliated with him from the legitimate interim government of Interim President Guaido, as well as human rights abuses, including extrajudicial killings, torture, arbitrary arrest and detention of Venezuelan citizens, interference with freedom of expression, including for members of the media, and ongoing attempts to undermine Interim President Guaido and the democratically elected National Assembly’s exercise of legitimate authority in Venezuela.
Maduro’s repression of Venezuelans, in combination with the corruption and mismanagement by his illegitimate government, has dramatically negatively impacted the quality of life for average citizens who lack access to food, water, medicine and electricity, causing one of the worst man-made humanitarian disasters in the modern world.
Together, with our democratic partners in the region and around the world, the United States stands with Interim President Guaido, the democratically elected National Assembly, and the people of Venezuela as they seek to restore constitutional order and democracy to their country.