US Sanctions Against Venezuela’s Bank

US sanctions imposed on Venezuela’s Bandes bank will affect almost 24 million clients, the Venezuelan Foreign Ministry said in a statement released on Friday.

“This illegal coercive measure will affect 23,950,280 clients (individuals, as well as state and private companies) in Venezuela,” the foreign ministry said. The Venezuelan government condemned “unilateral, coercive, arbitrary and illegal measures that affect Venezuela’s Bandes bank and four important financial institutions,” the ministry added.

“The people and government of Venezuela will continue defending their independence and political, economic and cultural sovereignty,” the foreign ministry stressed.