CoinVoice has learned that, according to Reuters, the Swiss Federal Council announced on Monday that following the capture of Venezuelan President Maduro by the U.S. military and his transfer to the United States, Switzerland has frozen all assets held by Maduro and his close associates in Switzerland. The measure took effect immediately and is valid for four years, aiming to prevent potential illegal asset outflows. This is also a supplement to the existing sanctions Switzerland has imposed on Venezuela since 2018.

The Swiss authorities stated that the asset freeze does not affect current members of the Venezuelan government and said that if any illegally obtained funds are discovered, Switzerland will seek to have them returned for the benefit of the Venezuelan people.