Switzerland Freezes $880 Million in Assets Linked to Nicolás Maduro

Source: International Business Times

The government of Switzerland froze more than $880 million in assets linked to Venezuelan leader Nicolás Maduro to prevent potentially illicit funds from leaving the country and preserve them for future legal proceedings. According to AFP, the figure of 687 million Swiss francs (roughly $880 million) frozen under the new rules was disclosed by the Swiss Foreign Ministry in response to questions from reporters. This is the first time Swiss authorities have provided an overall valuation for assets blocked in connection with the regulation.