US warns of sanctions on foreign banks that support Maduro

The United States notified foreign financial institutions that they will face sanctions for their involvement in activities that have helped Venezuelan President Nicolas Maduro, who has clung to power despite widespread calls for him to step down.

“The United States is putting foreign financial institutions on notice that they will face sanctions for being involved in facilitating illegitimate transactions that benefit Nicolas Maduro and his corrupt network,” national security adviser John Bolton said in a statement on Wednesday. “We will not allow Maduro to steal the wealth of the Venezuelan people.”