Subscriber Only
economics
U.S. Sanctions Bandes, Venezuela's National Development Bank
By and
Updated on
-
Treasury says the bank helps to prop up Maduro’s regime
-
Mnuchin condemns arrest of opposition leader’s chief of staff
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.
