Swiss government: Freezes assets of Maduro and his associates in Switzerland

The Swiss Federal Council announced on Monday that following Venezuelan President Nicolás Maduro's capture and extradition to the United States, Switzerland has frozen all assets held in Switzerland by Maduro and his close associates. The measure, effective immediately and valid for four years, aims to prevent the potential outflow of illicit assets and complements existing Swiss sanctions against Venezuela since 2018. Switzerland stated that the asset freeze does not affect current members of the Venezuelan government and that if any illegally acquired funds are discovered, Switzerland will seek their return for the benefit of the Venezuelan people. (Jinshi)