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U.S. ratchets up pressure on Venezuela with new sanctions

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Posted By: Moritz55, 3/22/2019 9:41:57 PM

The Treasury Department on Friday slapped additional sanctions on Venezuela, this time on the banking sector, the latest effort from the White House to intensify pressure on dictator Nicolás Maduro. The sanctions target Venezuela´s state-owned and controlled bank Banco de Desarrollo Economico y Social de Venezuela, or BANDES, and four related financial institutions. “The willingness of Maduro’s inner-circle to exploit Venezuela’s institutions knows no bounds. Regime insiders have transformed BANDES and its subsidiaries into vehicles to move funds abroad in an attempt to prop up Maduro,” Treasury Secretary Steven Mnuchin said in a statement Friday.

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Reply 1 - Posted by: Janylou 3/23/2019 12:07:22 AM (No. 9787)
Blockade Cuba!
14 people like this.

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