Switzerland froze assets of Maduro and allies after his U.S. arrest, targeting illicit funds and supporting de-escalation.

After the U.S. arrested Venezuelan President Nicolás Maduro, Switzerland froze his assets and those of his associates. forces in Caracas and move to the United States. In order to stop illegal money transfers, the four-year measure, which goes into effect right away, targets Maduro and his close associates as foreign politically exposed individuals. It does not impact current Venezuelan government members and only applies to assets held in Switzerland. The Swiss Federal Council called for de-escalation and offered mediation, citing the unstable situation in Venezuela. The Venezuelan people will benefit from the return of any found illicit funds. The action adds to the 2018-dated sanctions already in place. No information about the legal foundation or asset values was given.