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Reading: US Treasury Sanctions Venezuelan Officials Supporting Maduro’s ‘repression’ and ‘illegitimate’ Power Grab
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Investor's Crypto Daily > Blog > Headlines > Economy > Economic News > US Treasury Sanctions Venezuelan Officials Supporting Maduro’s ‘repression’ and ‘illegitimate’ Power Grab
Economic News

US Treasury Sanctions Venezuelan Officials Supporting Maduro’s ‘repression’ and ‘illegitimate’ Power Grab

Last updated: January 10, 2025 7:46 pm
By Michelle Whelan 5 Min Read
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Nicolas Maduro unexpectedly was sworn-in for a three-term presidency of Venezuela. This triggered widespread outrage both nationally and internationally.

Contents
After the election, repression increasesUS increases pressure on Iran with tougher measuresSolidarity with Venezuelan citizens

As a result of these actions, the US Department of the Treasury’s Office of Foreign Assets Control imposed sanctions against eight Venezuelan senior officials who were directly involved with Maduro’s efforts to suppress the opposition and undermine democracy in the country on 10 January.

In a Treasury statement, it was stated that these sanctions are in line with actions similar to those taken by allies around the world, such as Canada, Europe, and United Kingdom. This further strengthens the coalition against Maduro.

These officials have been accused of being involved in several state agencies. They include the President of Petroleos de Venezuela S.A., the Transport Minister, and the President of CONVIASA, a Venezuelan state airline.

OFAC’s sanctions have been focused on the high-ranking officials in the military and police who supervise the organizations that are alleged to be responsible for the human rights abuses committed by Venezuelan authorities.

The Executive Order (E.O. )13692 was used to take these actions. These actions were taken under Executive Order (E.O.).

Bradley T. Smith (US Secretary of Treasury for Terrorism and Financial Intelligence) reaffirmed the US Government’s determination:

Smith said that “Maduro and his allies have been repressing Venezuelans since the last election.”

The United States and our partners share the Venezuelans’ desire for a new leader. We reject Maduro’s false claim to victory.

After the election, repression increases

After the Venezuelan elections on 28 July 2024, US allies and US officials increased their pressure for Maduro’s democratic transition.

Maduro has responded by intensifying his crackdown on the opposition, any protests and calls for political changes.

Maduro’s attempts to keep control, despite the widespread criticism of his government and its use of violence and disrespect for electoral processes have only gotten worse.

Since the election, human rights groups have noted a marked increase in the number of arrests, detentions and violent attacks against dissidents. Many citizens are now afraid that they will be punished for opposing the government.

US increases pressure on Iran with tougher measures

The US State Department increased its Narcotics Rewards Program in an attempt to deprive Maduro further of resources necessary to suppress his opposition and maintain power.

US offers up to 25 million dollars for any information that leads to the arrest and convictions of Maduro and Diosdado Cabello, Minister of Interior, Justice, and Peace.

A new reward up to 15 million dollars has also been announced for information that is reliable about Defense Minister Vladimir Padrino.

US State Department also placed new visa restrictions for at least 2,000 Maduro supporters, who “deliberately undermined the electoral process and encouraged acts of repression.”

The Maduro government’s enforcers will be held accountable by these restrictions.

Solidarity with Venezuelan citizens

International partners’ involvement reflects a global consensus growing that Venezuelans deserve to make a democratic and just transition.

The united US efforts and those of its allies, while Maduro intensifies the repression in his country, sends a clear message to the world that democracy, accountability and human rights must not be negotiable.

In addition to showing solidarity with Venezuelans, the ongoing diplomatic and sanctions efforts also show that Maduro is not legitimately in power. This reinforces global calls for a genuine democratic government in Venezuela.

The international community’s firm stance on Venezuela will hopefully lead to the victory of Venezuelans in their struggle for democracy and freedom.

As new developments unfold, this post US Treasury Sanctions Venezuelan Officials Supporting Maduro’s ‘Repression and Illegitimate Power Grab’ may be updated.

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