The White House said that the US President Donald Trump has signed an executive order to block the property of Venezuelan government.

Iran Press/America: Washington's decision to block Venezuelan government's property in US jurisdiction has entered into force starting from August 5.

“All property and interests in property of the Government of Venezuela that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in,” the executive order said according to Sputnik.

The order stressed that the restrictions would hit the PDVSA oil company and the Venezuelan Central Bank among others.

“This order is effective at 9:00 a.m. [13:00 GMT] eastern daylight time on August 5, 2019,” the executive order added.

Venezuela has been suffering a humanitarian and political crisis that intensified in January when US-backed opposition leader Juan Guaido illegally declared himself the country’s interim president after disputing Nicolas Maduro's re-election.

The United States and some other countries have backed Guaido, while Russia, China, Cuba, Bolivia, Turkey and a number of other countries have said they recognize constitutionally-elected Maduro as the only legitimate president of Venezuela.

Also on Apr. 18, the US administration imposed sanctions on the Central Bank of Venezuela aimed at Nicolas Maduro.

Venezuela has plunged into political crisis after Juan Guaido, the leader of the opposition-controlled National Assembly, declared himself interim president in January.

Shortly after Guaido took an oath swearing himself in before his supporters, US President Donald Trump recognized him as the country's leader. In response, Venezuela’s President Nicolas Maduro broke off diplomatic ties with the US and gave American diplomats 72 hours to get out of his country.

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