The Trump administration froze assets, banned travel and prohibited business transactions Monday for Venezuelan President Nicolás Maduro, accusing him of undermining democracy after he carried out an election Sunday for an all-powerful new legislative assembly in defiance of warnings from the U.S. and international community.
As part of what are expected to be a series of escalating sanctions, the Treasury Department added Maduro to its growing list of sanctioned current and former members of the Venezuelan government and military.
The U.S. has yet to settle on steeper economic sanctions President Donald Trump threatened ahead of Sunday’s Venezuelan election for a new constituent assembly with the power to dissolve the opposition-held parliament, effectively wiping out the remnants of Venezuela’s democracy. On Sunday, U.S. Ambassador to the United Nations Nikki Haley called the vote a “sham election.”
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