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U.S. Sanctions Bandes, Venezuela's National Development Bank

  • Treasury says the bank helps to prop up Maduro’s regime
  • Mnuchin condemns arrest of opposition leader’s chief of staff
Nicolas Maduro
Nicolas MaduroPhotographer: Carlos Becerra/Bloomberg
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The U.S. imposed sanctions against Venezuela’s national development bank and four financial institutions it controls, alleging it helped prop up the government of the country’s president, Nicolas Maduro.

The penalties were imposed on Banco de Desarrollo Economico y Social de Venezuela, or Bandes, the Treasury Department said on Friday.