U.S. Sanctions Venezuela's President Maduro, Freezes U.S. Assets

Tyler Durden's picture

The Treasury's Office of Foreign Assets Control (OFAC) has personally sanctioned Venezuelan President Nicolas Maduro, adding him to the list of specially designated nationals, freezing any U.S. assets he may have and generally blocking U.S. persons from transactions involving him.

Today's sanction is a follow up to last week's announcement by the Trump administration in which the Treasuey revealed sanctions on 13 senior Venezuelan officials in an attempt to deter Maduro from moving forward with plan to rewrite Venezuela’s constitution in what opponents regard as a potential power grab move. Needless to say, that particular attempt failed.

Today's escalation comes in response to this weekend's election which gives Venezuela's ruling party new, sweeping powers. State Department spokeswoman Heather Nauert charges the new assembly formed from this election “is designed to replace the legitimately elected National Assembly and undermine the Venezuelan people’s right to self-determination.”

From the Treasury Department:

Venezuela-related Designation
7/31/2017

 

OFFICE OF FOREIGN ASSETS CONTROL
Specially Designated Nationals List Update
The following individual has been added to OFAC's SDN List: 

 

MADURO MOROS, Nicolas (Latin: MADURO MOROS, Nicolás), Caracas, Capital District, Venezuela; DOB 23 Nov 1962; POB Caracas, Venezuela; citizen Venezuela; Gender Male; Cedula No. 5892464 (Venezuela); President of the Bolivarian Republic of Venezuela (individual).

In response to US criticism of the move, Reuters reported that Maduro told a crowd of supporters: "Why the hell should we care what Trump say? We care about what the sovereign people of Venezuela say."

As we noted yesterday, and as observed earlier today, oil has spiked on concerns that escalating US sanctions against Venezuela could cripple the local oil industry, sending oil prices as much as $5-7/b higher according to a calculations by Barclays.

As discussed previously, Barclays Warren Russell explained what could happen should Trump expand Venezuela's sanctions to impact its oil sector: "a sharper and longer disruption (eg, exceeding three months) could raise oil prices at least $5-7/b and flatten the curve structure despite an assumed return of some OPEC supply, a more robust US shale response, and weaker demand. It may be just the opportunity OPEC needs to exit its current strategy. US producer hedging activity would pick up if WTI moves to $50-55, limiting price upside potential."

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stacking12321's picture

USA's crime spree continues...

Dead Canary's picture

Ah, this stuff brings back memories. Racing to the airport dodging molotov cocktails with a belly full of diamonds and cheap gin. Praying that the cab driver I just bribed doesn't turn me over to the Federales.
Good times.

hedgeless_horseman's picture

 

Ah, this stuff brings back memories.

Good times, indeed...

froze25's picture

Leave the country alone, they will descend into chaos shortly from people starving with nothing to lose.

HowdyDoody's picture

This would be the same OFAC that did absolutely nothing to interdict the ISIS funds made from selling looted Syrian oil to Israel via middlemen in Turkey? That OFAC?

 

dark fiber's picture

Yeah, Maduro is such a nice guy.  Not like he is trying to set up a communist dictatorship or anything. 

micksavage2010's picture

retard. not like amerikka thinks it can dictate how other countries function. oil, anyone?

dark fiber's picture

At the moment the US is just sanctioning a certain socialist asshole trying to establish a communist regime.  BTW, how come a socialist has assets in the US?  Last time I checked, he was a former bus driver and "storing assets" in the US requires several millions worth of assets to begin with (I think it is $+5M minimum as of 2012).  Care to comment on that shit for brains?   

 

froze25's picture

4 legs good, 2 legs better.

stacking12321's picture

maybe you need to check your own thinking.

socialism is wrong, because it involves stealing from people.

so, in order to teach people that stealing is wrong, usa is going to steal from venezuela?

'murican hypocrisy at its finest.

Lore's picture

It's interesting how articles about Venezuela seem to bring out the "Murika-Fuck-Yeah" and "Maduro-Is-A-Socialist" rabble.  Their analysis is silly and shallow, no deeper than the whores who keep prattling about "Russian Collusion." Banter on ZH is generally better informed, but regarding this part of the world, and Venezuela in particular, the discussion appears to suffer from a mental block.  The most outspoken posters know little-to-nothing about America's rotten role, apparently having their opinions downloaded to them from Emmanuel Goldstein. 

This is a cookie-cutter turf-war regime change operation, with the same old tired themes: dying petrodollar protectionism, resource theft, and the largest international debt-peddling narcotics-trafficking mafia in the history of the world. 

Confessions of an Economic Hit Man

peopledontwanttruth's picture

It does make ya wonder with all these sanctions coming from the Zionist bankers with American military might? Boasting "God's favored nation" and the other "one nation under God", 2 horns like a lamb but speaks like a dragon.

Revelation 13:15-17
New King James Version (NKJV)

15 He was granted power to give breath to the image of the beast, that the image of the beast should both speak and cause as many as would not worship the image of the beast to be killed. 16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

Benjamin123's picture

Everybody thinks whatever suits them.

misalkin's picture

Venezuela should sell oil only for bitcoin or silver. Stop using dieing USD. USD is the root of all evil.

Benjamin123's picture

Doesnt matter since they cant save any form of money. The are bartering. Oil goes out, food imports go in.

Selling oil for USD only matters if you plan on locking the USD in reserves forever and never spent in the US.

Kokito's picture

I agree. Once again the ragtag CIA Zero Hedge & fucking idiot Tyler Durden (who ever you are) can not hide their exaggerated hate towards the socialist system in Venezuela.

 

ZerosHit is making shit up stating that new National Assembly (NA) is going to give the ruling party new, sweeping powers. Quoting the propaganda from de state department that the national assembly “is designed to replace the legitimately elected National Assembly and undermine the Venezuelan people’s right to self-determination.”

 

The delegates elected to the NA will make amendments to the constitution to protect the social & economic changes of all the people, that have been achieved during the social revolution (worker, industries, farmers, retirees, women, children, native Indian, etc). ZerosHit is also stating the Trump will stop oil imports from Venezuela. ZerosHit predictions have always been proven wrong time & time again.

 

ZerosHit should worry about the “Patriot Act” the most draconian, cruel and oppressive power grab by he one-party nation USA. The act no only eliminated the civil liberties but established the intrusive surveillance in the world. SH should also worry about the Smith-Mundt Act (government propaganda) but they won’t because it allows this ragtag to spread fake-news.

 

ZerosHit should know that the US is the largest oil and natural gas consumer in the world. Ee.uu could eliminate Venezuelan oil but can not eliminate the domestic demand because it does not have the domestic production to do. It would take many years to replace Venezuelan oil in the foreign market.   ZerosHit should know that by eliminating the oil imports from Venezuela, the US is commiting hara-kiri (madness). It is true that Venezuela can not eliminate the delivery of oil to the ee.uu because it would be an excuse for an US to invade Venezuela but would Venezuela would have no problem if ee.uu does so since the Venezuela oil and gas have a big demand in the foreign market such as China and India, etc.  

It is an irony that the US, the most corrupted & criminal government in the universe is imposing sanction in Venezuela and Tyler Durden, you are a dumb MF & a stupid shit (who ever you are). Go fuck yourself.

Sky flyer's picture

Crude spikes. Yeah!!

Rick Cerone's picture

US has isolated itself around the planet.

Venezuela has so many new friends to trade with.

China, Russia, Syria, Iran, etc..........................

dark fiber's picture

Go live in China, Russia, Iran then.  Make sure you mention your constitutional rights when they lock you up because they felt like it.  You will confess to whatever they feel like anyway.

misalkin's picture

Guess in what country there is most % of ppl in prisons - USA 

dark fiber's picture

Most of them because of the idiotic war on drugs.  Not for the reasons you get locked up in China or Iran.  Russia is so and so.

Rick Cerone's picture

I've given up on civilization.

It's overrated.

bonin006's picture

I would say it is not overrated, just under-utilized

ReturnOfDaMac's picture

Dunno about Russia and Iran but that shit don't happen in China unless you are asking for it.  But, in 'Murica, if you are a certain minority, you can get pulled over and wind up shot dead, in the back, cause some authority felt "scurred".

silverer's picture

Um, was he that stupid to leave money in the US banking system? No wonder they can't solve any problems in Venezuela. Maduro: Not just a left wing socialist, a brain dead left wing socialist.

shovelhead's picture

They probably cut his Netflix account too.

He's gonna be pissed.

misalkin's picture

Why pay for netflix when you get same moves for free in net.

youngman's picture

Maybe to trade with..but not to distill their oil with..and last time I looked when you trade you have to pay for it...Maduro cant pay for anything right now...hes kind of stuck...so he will take his country down to the death.....he will seize all assets...and just destroy them.....

Rick Cerone's picture

US isolation continues.......................

c2nnib2l's picture

So oil spiked on potential sanction on oil 

 

got it 

BitchesBetterRecognize's picture

I seem to remember the Venezuelan Gold was shipping to Goldman Sachs to increase dollar reserves ......... like Ukraine's? 

Oh boy - the same old fucking trick again!!!!  say good bye to that Gold!! 

ReturnOfDaMac's picture

Hey man, gotta hand it gvt sacks, that was a sweet move!!

Rick Cerone's picture

Give the Chinese some land bordering Argentina!

LOL!!!!

See how that's received by the Nazis.

hahahahah........................

Ben Tornilloed's picture

Dude, tell me you don't think Venezuala borders Argentina

any_mouse's picture

He is just trying to steer the conversation to the Chosenites' favorite arch villains, the German "Nazis" living in Argentina.

There is also an enclave of US Southerners that fled post Lincoln's War on the States, living in SA.

Rick Cerone's picture

Butch Cassidy and Sundance were ealy Nazis.

Sundance was German.

They worked for E.H. Harriman.

Why would they work for someone they were stealing from?

That's an interesting story.

any_mouse's picture

Agents working for EH Harriman. Butch and Sundance were never on the raids when the Pinkertons were on the train.

Then the two go down to SA and buy large land tracts. Go further and they were setting up German UFO experiments.

The early Secret Space Program.

Since Hitler, Eichmann, Himmler, and Eva Braun all had Jewish blood, really the "Nazis" are just a Jew op. Did a nice job destroying Germany and German heritage. Good setup for stealing land in the Middle East to establish the Zionist state.

What happens when one entity controls both sides.

Davidduke2000's picture

the us always steal people's money, they call it civil asset s forfeitures. 

Son of Captain Nemo's picture

Well at least the U.S. government is consistent when you don't do what they want you to do!...

I bet Maduro wishes he had some of these right about now (https://www.youtube.com/watch?v=2lPZLBNAnxY)!

Hey and the guy in this video can probably get them for you at a very reasonable price!

Eddielaidler's picture

His dream of sitting on the beach earning 2.2% is over. Hans err I mean Maduro will have to take a haircut.

BritBob's picture

MADuro

Maduro is a keen supporter of Argentina's mythical Malvinas claim even speaking at regional conference on behalf of Argentina (CELAC).

How can Argentina claim the Falklands when she has never legally owned them?

Falklands- Never Belonged to Argentina:

https://www.academia.edu/31111843/Falklands_Never_Belonged_to_Argentina

 

Still, why let a good old socialist distraction get in the way of the truth.

buzzardsluck's picture

Holy shit  britbob is back (posting the same shit no one cares about but its good for a laugh). 

 

ZH needs more like you since we lost Leo  the madhedgewhateverthefuck guy and the rocketsomething silver only costs $5 guy.  The newish moron shitdip just doesn't measure up to the previous tools like you could bob.

debtor of last resort's picture

Proxies giving V elites free passes and $ while sucking up oil infra on the cheap.

coast1's picture

sanctions in russia and venezuela now, and who knows who else.. they use to say that Ron Paul is an isolationist...lol

Phillyguy's picture

More regime change and resource stealing by the US?

Maestro Maestro's picture

You stupid Venezuelans,

You gave away your gold to Goldman Sachs bankers who are conspiring against your country.

Chavez worked hard and waited a long time to repatriate Venezuela's gold.

Stop selling oil to the Americans, you morons.

You have fertile lands. Grow your own food and make babies, shitheads.

It's more fun than living with the Americans' cock up your ass 24/7.

coast1's picture

As previously covered on The Common Sense Show, former Secretary of State, Hillary Clinton, created the Venezuelan crisis and the CIA is attempting to overthrow President Maduro before the Russians can intervene. Just another hot spot in this cold war that could go hot at any time. Here is the complete story of this problem-reaction-strategy of the Deep State.

putin to save venezuela, cia scrambling to stop them

http://www.thecommonsenseshow.com/2017/07/29/putin-to-save-venezuela-cia...

Genby's picture

This is 100% antisemitism! Maduro is a Sephardic Jew by origin.