21:23 GMT +322 September 2019
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    Supporters of Venezuelan President Nicolas Maduro take part in a rally in support of the government and against the recent report on Venezuela by the UN High Commissioner for Human Rights, Chilean Michelle Bachelet, in Caracas, on July 13, 2019

    Moscow Views Blockade of Venezuela's State Assets by the US as Economic Terrorism

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    On 5 August, US President Donald Trump signed an executive order to block all property and interests of the Venezuelan government in the United States.

    Moscow views Washington's freezing of Venezuelan assets as economic terrorism, the Russian Foreign Ministry said.

    "We have consistently opposed the 'sanctions spiral', remaining a responsible member of the international community and a reliable partner for all countries," it said.

    It is necessary to stop sanctions against Caracas, the ministry added.

    On Tuesday, the US National Security Advisor John Bolton said that Washington would 'ensure that Maduro runs out of ways to financially sustain himself'. Bolton attended a conference on the crisis in Venezuela which took place in Peru's Lima. The US presidential administration official said that now Venezuela is on the 'rogue state' list together with Iran, North Korea and Syria. Bolton also criticised Russia, Cuba, China and Iran for supporting Nicolas Maduro. 

    On Monday, US President Donald Trump signed an executive order to freeze all assets held by the government of Venezuela in the United States, including those of the Venezuelan Central Bank and state-run PDVSA oil company.

    "All property and interests in property of the Government of Venezuela that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in," the text of the order says.

    In this May 20, 2019 photo, Venezuela's President Nicolas Maduro flashes a hand-heart symbol to supporters outside Miraflores presidential palace in Caracas, Venezuela.
    © AP Photo / Ariana Cubillos
    In this May 20, 2019 photo, Venezuela's President Nicolas Maduro flashes a hand-heart symbol to supporters outside Miraflores presidential palace in Caracas, Venezuela.

    Venezuela has been facing a humanitarian and political crisis that intensified in January after US-backed opposition leader Juan Guaido illegally declared himself the country’s interim president after disputing Nicolas Maduro's re-election.

    The US and some other countries have backed Guaido but Russia, China, Cuba, Bolivia, Turkey and a number of other countries have said they recognise constitutionally-elected Maduro as the only legitimate president of Venezuela.

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    sanctions, United States, Venezuela, Russia
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