The Trump administration just slapped new sanctions on Venezuela – the latest effort from the White House to pressure dictator Nicolás Maduro to step down
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 aFriday.
The sanctions are the latest volley in a broad campaign led by the White House to pressure the socialist country’s autocrat to step down, after President Donald Trump recognized National Assembly President Juan Guaidó as Venezuela’s rightful “interim president” in January. The sanctions come a day after Venezuelan police detained Guaidó’s chief of staff, Roberto Marrero, a move that earned sharp criticism and threat of a forceful response from the United States.
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