Swiss

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.

AN ICONIC London tower is being carved into a £1billion “Swiss Cheese” hotel as plans are unveiled for major refurbishment.

New terraces, restaurants, office spaces and panoramic views of the city are all part of the plans.

The HSBC Tower, located in London’s Canary Wharf, is set to undergo a major refurbishment next year, as its current occupants relocate to the city.

Plans for the refurbishment of the 45-storey tower have been submitted to Tower Hamlets Council by Qatar Investment Authority (QIA) and Canary Wharf Group (CWG).

The revamp will be led by architects Kohn Pedersen Fox (KPF) and reports indicate it is set to cost between £800,000,000 and £1,000,000,000.

Proposals for the building will see sections of the tower’s higher floors cut away to create a series of terraces, creating the appearance of holes which have landed the building with the Swiss cheese comparison.

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Designs for the tower will also see it move from a single-occupant space, instead paving the way for multiple uses throughout the building.

Starting from the bottom, the lower and ground floors will be transformed into an 181-room hotel and leisure facilities.

It will also see the addition of a brand new public walkway that crosses through the ground floor to link the Elizabeth Line Station with nearby Canada Square Park.

Middle floors will be reserved for office spaces, designed to house multiple corporate tenants, with asset management company BlackRock reportedly eyeing the space, according to The Banker.

Staggered terraces will be a main feature of the top floor, as well as a huge glass box called “The Cloud”, functioning as an entertainment space with restaurants and bars and boasting panoramic views of the city.

In a statement posted to the CWG website, CEO Shobi Khan said: “We look forward to working with QIA on 8 Canada Square to deliver a building of outstanding design, engineering and sustainability standards.

“This redevelopment is another step in Canary Wharf’s evolution into a vibrant mixed-use neighbourhood offering workspace, retail, homes, leisure and amenities all in one location – a true 15-minute city.”

Elie Gamburg from Kohn Pedersen Fox said: “We are extremely excited to collaborate with QIA and CWG to reimagine the single-use office building as a blueprint for the highly sustainable, mixed-use building of the future.

“This transformation embodies the ethos behind much of our work, we see it as an integral part of the evolution of today’s single-use neighbourhoods into vibrant mixed-use neighbourhoods of tomorrow – an evolution of which CWG is already leading the way.”