Search ForexCrunch

Canada Foreign Affairs Minister Chrystia Freeland said in a statement released late-Wednesday, Canada will impose targeted sanctions on 14 Venezuelan officials, Reuters reports.

The statement read: The sanctions were in response to Venezuela’s “illegitimate and anti-democratic presidential elections.”

Freeland noted: “These sanctions send a clear message that the Maduro regime’s anti-democratic behavior has consequences.”  

The new Canadian sanctions include freezing the assets of the officials and prohibiting Canadians from having property or financial dealings with them.