U.S. set to punish foreign banks who deal with Venezuela's Maduro: official

The United States moved to aggressively cut off Maduro and his associates from oil and other revenues with sanctions after recognizing opposition leader Juan Guaido as Venezuela’s legitimate head of state in January. The White House said earlier on Wednesday that banks would face sanctions for “illegitimate transactions” that helped Maduro and his network. The warning was prompted by efforts by Maduro, his officials, their family members, and state-owned entities to find ways to keep revenues flowing, the official told Reuters, speaking on condition of anonymity.

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