Protecting Venezuela’s Assets for Benefit of Venezuelan People (January 29)

Protecting Venezuela’s Assets for Benefit of Venezuelan People (January 29)

Robert Palladino 
Deputy Spokesperson
Washington, DC
January 29, 2019

On January 25, Secretary of State Michael R. Pompeo certified the authority of Venezuela’s interim President Juan Guaido to receive and control certain property in accounts of the Government of Venezuela or Central Bank of Venezuela held by the Federal Reserve Bank of New York or any other U.S. insured banks, in accordance with Section 25B of the Federal Reserve Act. This certification will help Venezuela’s legitimate government safeguard those assets for the benefit of the Venezuelan people.

We call on other governments to recognize interim President Juan Guaido and take similar steps to protect Venezuela’s patrimony from further theft by Maduro’s corrupt regime.