The U.S. Treasury Department on Monday, July 31, announced the introduction of sanctions against Venezuelan President Nicolas Maduro, reports Reuters.
According to the statement, all assets Maduro in the U.S. are frozen, and American businessmen are prohibited to conclude a deal.
Sanctions against Maduro became Washington’s response to the 30 July elections of the National constituent Assembly of Venezuela. A new Constituent Assembly empowered to rewrite the Constitution and deprive of power the Congress controlled by the opposition.
The Venezuelan President believes that it’s the only way to restore peace after months of protests and political deadlock. However, opposition politicians claim that Maduro wants to use the constituent Assembly to consolidate power.
The Venezuelan opposition has refused to recognize the election results. The international community has subjected to criticism the elections.
Previously, the United States imposed sanctions against 13 members of the government of Maduro. Venezuela is excluded from subregional trade and economic Union MERCOSUR. The members of the Organization of American States (OAS), including the US, Canada and Mexico, said they do not recognize the authority of the Constitutional Assembly.