How Much Money is Currently Frozen in International Banks? – US Financial Siege

On April 25, during a press conference at the United Nations, Venezuelan Foreign Minister Jorge Arreaza offered details on the negative impacts that the application of unilateral coercive measures, in the form of an economic blockade, has brought on Venezuela as a result of unilateral sanctions by the Trump administration.

Arreaza was emphatic in warning that these actions are illegal, because the US applies them extraterritorially, violating the provisions of the Charter of the United Nations.

Similarly, he said that the consequences of the economic blockade in health and food are worrisome, to give testimony of this, exposed the case of several (more than 20) high-risk patients who are in Italy and who have not been able to be treated because PDVSA, the institution responsible for this health care plan, has not been able to make the payments as a consequence of Trump’s sanctions.

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The head of Venezuelan foreign policy, in addition to detailing how the United States violates international law with its regime change operation, also detailed the magnitude of the funds, assets and resources illegally confiscated from Venezuela, through the application of economic blockade measures and withholding money to import.

The Chancellor was emphatic affirming that most banks are observing the scope of the sanctions and that most of the banks not only stop transactions but freeze the money, not returning it to Venezuela.

Here is the list of funds kidnapped and the institutions where they are:

  • Bank of England: 1.359 million
  • Citibank: 196 million Euros
  • Bank of London: 453 million Euros
  • North Capital: 238 million Euros
  • Novo Bank: 1.453 million Euros
  • Sumitomo: 415 million Euros

The day after making these complaints, the US Treasury Department included Chancellor Jorge Arreaza on the OFAC list. The measure was clearly political retaliation for what Arreaza said, which also seeks to limit the range of action of Venezuelan foreign policy and its geopolitical alliances.

RELATED CONTENT: Venezuela: Arreaza Slams US for “Criminal” Blockade

On the measure, Treasury Secretary Steven Mnuchin said: “As a result of today’s sanctions, all the properties of these individuals and any property that they have, directly or indirectly, in a percentage of 50% or more, which are in the United States or in position or in control of people in the United States are blocked. ”

Mnuchin made no reference to properties or assets of Arreaza, an admission that the measure has a political purpose.

 

Source URL: Mision Verdad

Translated by JRE\EF