Overview
- The order takes immediate effect and is set to remain in place for four years unless revoked.
- A Foreign Ministry spokesperson said 37 individuals are covered by the measure, with no details on asset values.
- The freeze does not apply to members of Venezuela’s current government.
- The action supplements Swiss sanctions on Venezuela that have been in force since 2018 under the Embargo Act.
- Switzerland says any illicit funds could be directed to benefit Venezuelans and has urged de-escalation as it monitors a volatile situation following Maduro’s transfer to the United States.