Trump orders freeze on all Venezuelan govt assets in US
Washington: President Donald Trump on Monday ordered a freeze on all Venezuelan government assets in the United States and barred transactions with its authorities, in Washington's latest move against President Nicolas Maduro.
Trump took the step "in light of the continued usurpation of power by Nicolas Maduro and persons affiliated with him, as well as human rights abuses," according to the order.
The Wall Street Journal said the move was the first such against a Western Hemisphere government in over 30 years, and imposes restrictions on Caracas similar to those faced by North Korea, Iran, Syria and Cuba.
Asked last week if he was considering a "blockade or quarantine" of Venezuela, Trump responded: "Yes, I am." The order affects "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." These assets "are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in," the order said.
The measure also bars transactions with Venezuelan authorities whose assets are blocked.
It prohibits "the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to this order," as well as "the receipt of any contribution or provision of funds, goods, or services from any such person."
Venezuelan opposition leader Juan Guaido declared himself interim president earlier this year in a bid to oust Maduro that was backed by the United States and dozens of other countries.
But Guaido's efforts have stalled despite the international support and widespread discontent with Maduro, who has been able to cling to power with the backing of the country's security forces.
Guaido has tried to keep hope alive, encouraging Venezuelans weary after years of crisis not to give up.
Despite the loss of momentum, Guaido -- the speaker of the opposition-controlled National Assembly -- remains the greatest threat to Maduro, even though the body has been effectively rendered powerless by Caracas.
The oil-rich, cash-poor country has been in a deep recession for five years. Shortages of food and medicine are frequent, and public services are progressively failing.
Around a quarter of Venezuela's 30 million-strong population is in need of aid, according to the United Nations, while 3.3 million people have left the country since the start of 2016.
The International Monetary Fund says inflation will hit a staggering one million percent this year while the economy -- already in recession for five years -- will shrink by 35 percent.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
US Consulate in Dubai reportedly attacked
Dubai: Smoke was seen rising from an area near the United States Consulate in Dubai, according to witness accounts cited by Reuters.
There was no immediate official confirmation on the extent of damage or whether there were any casualties in the incident.
Earlier, the US embassy in Riyadh, Saudi Arabia’s capital, was also attacked. Authorities reported damage to the premises, but no casualties were recorded.
The developments come amid heightened tensions in the region, with Iran continuing to target US interests in the Middle East following deadly attacks launched on Saturday by Israel and the United States.
Near US embassy in Dubai pic.twitter.com/z5VTZNVxNO
— Sahil Shah (@thesahilsshah) March 3, 2026
