PANews reported on January 5th that, according to Jinshi News, the Swiss Federal Council announced on Monday that following Venezuelan President Maduro's capture and extradition to the United States by US forces, Switzerland has frozen all assets held in Switzerland by Maduro and his close associates. This measure, effective immediately and valid for four years, aims to prevent the potential outflow of illicit assets and supplements existing sanctions imposed by Switzerland on Venezuela since 2018. Switzerland stated that the asset freeze does not affect current members of the Venezuelan government and that if any illegally acquired funds are discovered, Switzerland will seek their return for the benefit of the Venezuelan people.


