The US Treasury Department has announced that it is sanctioning Venezuelan President Nicolas Maduro, describing the Constituent Assembly elections held in the country on Sunday as “illegitimate.”
In an update on Monday, the US Treasury’s Office of Foreign Assets Control said it had added Maduro to its Specially Designated Nationals (SDN) list. This means that any US-based assets of his have been frozen, and American citizens are forbidden from conducting any business with him.
“The following individual has been added to OFAC’s SDN List: MADURO MOROS, Nicolas… President of the Bolivarian Republic of Venezuela,” the update reads.
According to Treasury Secretary Steven Mnuchin, the White House considers the elections held in Venezuela to be illegitimate and holds Maduro responsible.
“Yesterday’s illegitimate elections confirm that Maduro is a dictator who disregards the will of the Venezuelan people,” Mnuchin said in a statement. “By sanctioning…
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