BANDES

[4]: 98–99 China Development Bank has paid billions of dollars through BANDES to the Venezuelan government in exchange for crude oil.[6] Just hours after the Bolivarian Intelligence Service (SEBIN) detained attorney Roberto Marrero—Juan Guaidó's chief of staff—during the 2019 Venezuelan presidential crisis, the United States Department of the Treasury responded on 22 March 2019 by placing sanctions on BANDES and four of its subsidiaries.[3] The Maduro administration issued a statement saying that it "energetically rejects the unilateral, coercive, arbitrary and illegal measures" that would affect banking for millions of people.Maduro and his enablers have distorted the original purpose of the bank, which was founded to help the economic and social well-being of the Venezuelan people, as part of a desperate attempt to hold onto power."[2] Mnuchin warned, "The regime's continued use of kidnapping, torture, and murder of Venezuelan citizens will not be tolerated by the U.S. or the international coalition that is united behind President Guaido.
SpanishVenezuelanpublic companyfinancingChina Development BankNicolás MaduroBolivarian Intelligence ServiceRoberto MarreroJuan Guaidó2019 Venezuelan presidential crisisUnited States Department of the TreasuryJohn BoltonUnivisionSteven MnuchinThe Women's Development BankWayback MachineCornell University Pressinsurance