White House warns foreign banks on dealings with Maduro

|About: Global X China Financials ETF (CHIX)|By:, SA News Editor

White House National Security Adviser John Bolton warned foreign financial institutions that they'll face consequences from the U.S. for "illegitimate" transactions that benefit Venezuela's Nicolas Maduro and his allies.

“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,” Bolton said in a statement.

Previously: Venezuela cushions sanctions blow with non-U.S. sales (Feb. 28)

ETFs: EUFN, PSP, CHIX, PEX, IXG, DXJF, EUFL, DFNL

Subscribe for full text news in your inbox