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Trump announces total economic embargo against Venezuela
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| Contributor | RP |
| Last Edited | RP Aug 05, 2019 10:03pm |
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| Category | Announcement |
| Author | Ray Sanchez and Matt Egan |
| News Date | Tuesday, August 6, 2019 03:30:00 AM UTC0:0 |
| Description | President Donald Trump on Monday announced the US would expand its existing sanctions against Venezuela with an executive order to impose a total economic embargo against the country.
The embargo freezes assets of the government of Venezuela and associated entities and prohibits economic transactions with it, unless specifically exempted. Exemptions include official business of the federal government and transactions related to the provision of humanitarian aid.
The executive order marks an escalation from the already expansive US measures against the Venezuelan government since the start of the country's chaotic political and economic crisis earlier this year. |
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