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Trump’s Venezuela envoy vows sanctions on banks backing Maduro

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Trump's Venezuela envoy vows sanctions on banks backing Maduro“There will be more sanctions on financial institutions that are carrying out the orders of the Maduro regime,” the envoy, Elliott Abrams, told a U.S. Senate subcommittee hearing. The United States and more than 50 other countries have recognized opposition leader Juan Guaido as oil-rich Venezuela’s interim president and increased pressure on Maduro, a socialist, to step down. Washington this week revoked the visas of senior Venezuelan officials and said on Wednesday it had identified efforts by Maduro to work with foreign banks to move and hide money.