Caracas, October 19, 2026 (venezuelanalysis.com) – Switzerland’s Federal Department of Foreign Affairs (FDFA) has lifted “precautionary asset freezes” against Marleny Contreras, wife of Venezuelan Interior, Justice, and Peace Minister Diosdado Cabello, and United Socialist Party (PSUV) lawmaker Jorge Arreaza.
The country’s authorities stated that their inclusion on a list of sanctioned Venezuelan officials was “a mistake” after determining that neither holds assets in Swiss territory nor faces corruption accusations.
The asset freeze was imposed on January 5, two days after US forces bombed Caracas and kidnapped Venezuelan President Nicolás Maduro. Bern claimed the measure was intended to prevent potentially illicit assets from leaving Switzerland amid eventual legal investigations.
The legal measure remains in force until 2030 and includes a formal commitment to return to the Venezuelan people any resources proven to have been illicitly acquired. Over 40 current and former Venezuelan officials, as well as direct relatives and alleged associates, remain on the list.
Alongside the removal of Contreras and Arreaza, the Swiss government added six individuals to the register. New additions include former Venezuelan government envoy and Industry Minister Álex Saab and his business associate Álvaro Pulido.
Pulido appeared before a Miami court on October 13 after being handed over by Venezuelan authorities to face money laundering charges. Saab was likewise surrendered to US agencies and pleaded guilty to money laundering accusations, pledging to “cooperate” with other US legal investigations.
Saab and Pulido were joined in the Swiss blacklist by José Vicente Amparan Croquer, a lawyer whom US authorities have accused of laundering money from an alleged US $1.2 billion embezzlement scheme at Venezuelan state oil company Petróleos de Venezuela (PDVSA), and Mario Enrique Bonilla Vallera, a businessman identified as an alleged front man for Nicolás Maduro’s stepsons.
The list also includes the wife and former wife of two former deputy electricity ministers who were already on the blacklisteed: Milagros Coromoto Torres Morán, wife and business partner of Nervis Villalobos, and María Consuelo Pardi Celis, former wife of Javier Alvarado Ochoa.
The Swiss decision came two days after the US Treasury Department removed Jorge Rodríguez, president of Venezuela’s National Assembly, chief negotiator in a US-backed dialogue process with an opposition faction, and brother of Acting President Delcy Rodríguez, from its own sanctions list. Delcy Rodríguez herself was removed from the Treasury’s Specially Designated Nationals and Blocked Persons (SDN) list last April.
Jorge Rodríguez was first targeted on September 25, 2018, during Trump’s first term in office. Individual sanctions block any assets the person may have on US soil and bar US individuals and companies from engaging in any transactions. The measures lead to issues of overcompliance.
Spanish daily ABC’s White House correspondent David Alandete argued that the parliamentary leader’s removal from the SDN list was a reward for his “cooperation” in a “new phase of relations between Caracas and the White House.”
The move was announced on the same day that Delcy Rodríguez’s acting government and the opposition delegation led by former lawmaker Dinorah Figuera began a third round of US-endorsed talks in Caracas. The discussions are intended to address the continuation of the Supreme Court of Justice (TSJ) renewal process, as well as political rights and guarantees.
Nevertheless, 254 individuals and entities remain on the US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctions list. The Trump administration also maintains wide-reaching coercive measures against key Venezuelan economic sectors, including oil, mining, and banking.
Since January, Washington has issued sanctions waivers to allow select Western corporations to secure access to Venezuelan oil and mineral resources under favorable conditions. The White House has also greenlit select US companies to export and import products to and from the Caribbean nation. However, revenues from Venezuelan exports are deposited in a US Treasury account, with US officials deciding when and how much to disburse to Caracas.
Last week, the Trump administration issued General License 60A. The license authorizes humanitarian assistance transactions focused on addressing damage caused by Venezuela’s June 24 double earthquake until April 21, 2027.
Edited by Ricardo Vaz in Caracas.
The post Swiss, US Authorities Remove Individual Sanctions Against Venezuelan Officials appeared first on Venezuelanalysis.
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