Swiss Government: Freezes Assets of Maduro and His Associates in Switzerland

Odaily News The Swiss Federal Council announced on Monday that following the capture of Venezuelan President Maduro by U.S. forces and his transfer to the United States, Switzerland has frozen all assets held in Switzerland by Maduro and his associates. The measure takes effect immediately and is valid for four years, aiming to prevent potential outflows of illicit assets. This also supplements the existing sanctions Switzerland has imposed on Venezuela since 2018. Switzerland stated that the asset freeze does not affect current members of the Venezuelan government and added that if any illegally obtained funds are discovered, Switzerland will seek to return them for the benefit of the Venezuelan people. (Jin10)