Article from The Hill by Luis Sanchez.

President Trump issued an executive order on Monday prohibiting people in the U.S. from carrying out certain financial transactions with the government of Venezuela.

The executive action prohibits “the purchase of any debt owed to the Government of Venezuela” and any debt owed to the country that is pledged as collateral.

It also prevents the government of Venezuela from liquidating assets it has a majority ownership of.

“Today’s executive order closes another avenue for corruption that we have observed being used,” a senior administration official told reporters on Monday.

Read the entire article at The Hill.

Image Credit: By Government of Venezuela (https://www.youtube.com/watch?v=sXJ3qXny5Aw) [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons