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‘Profiteering from corruption’: US slaps sanctions on son of Venezuelan leader Nicolas Maduro

  • Treasury Secretary Steven Mnuchin announces that US has frozen the assets of Nicolas Ernesto Maduro Guerra

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US Treasury Secretary Steven Mnuchin. Photo: AP Photo

The United States on Friday imposed sanctions on the son of Venezuelan President Nicolas Maduro for serving in his father’s “illegitimate regime”.

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The action freezes any assets Nicolas Ernesto Maduro Guerra has in the United States and bars American individuals or institutions from doing business with the 29-year-old.

“Maduro relies on his son Nicolasito and others close to his authoritarian regime to maintain a stranglehold on the economy and suppress the people of Venezuela,” US Treasury Secretary Steven Mnuchin said in announcing the action.

“Treasury will continue to target complicit relatives of illegitimate regime insiders profiting off of Maduro’s corruption.”

The latest US action comes as Maduro moves to consolidate his hold on power after what Caracas called a failed coup attempt by opposition leader Juan Guaido.

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Venezuelan acting President Nicolas Maduro embraces his wife Cilia Flores and son Nicolas Maduro during a campaign rally in 2013. Photo: AFP
Venezuelan acting President Nicolas Maduro embraces his wife Cilia Flores and son Nicolas Maduro during a campaign rally in 2013. Photo: AFP
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