💨 Abstract

Switzerland has frozen assets of Venezuelan President Nicolas Maduro and his associates, following his arrest and transfer to the U.S. The freeze affects 37 individuals and aims to prevent the outflow of potentially illicit assets. This measure, valid for four years, complements existing sanctions on Venezuela. Switzerland will seek to return any illicitly acquired funds to benefit the Venezuelan people and is monitoring the volatile situation closely, advocating for de-escalation and a peaceful resolution.

Courtesy: theprint.in