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"The willingness of Maduro's inner-circle to exploit Venezuela's institutions knows no bounds. Regime insiders have transformed BANDES and its subsidiaries into vehicles to move funds abroad in an attempt to prop up Maduro.The sanctions are the latest volley in a broad campaign led by the White House to pressure the socialist country's autocrat to step down, after President Donald Trump recognized National Assembly President Juan Guaidó as Venezuela's rightful "interim president" in January.
"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."

The Kurdish-led and US-back Syrian Democratic Forces (SDF) said that they crushed the last remaining pocket of jihadist resistance in Syria. Damascus earlier dismissed the celebratory news as a "bluff."
Islamic State (IS, formerly ISIS) suffered "total elimination" and "a 100 percent territorial defeat," SDF spokesperson Mustafa Bali announced on Saturday. The news came after Kurdish forces reported heavy fighting near Baghouz in northeastern Deir ez-Zor Province, along the Iraqi border.
As reports of Baghouz being on the verge of complete liberation were coming in, US President Donald Trump rushed to boast of the US-led Coalition's victories. Earlier this week...Trump said that the militants "are losers and barely breathing."
Syria's envoy to the UN, Bashar Jaafari, dismissed Trump's jubilant language as a "bluff" and "untrustworthy." "ISIS is not over yet in Syria," he said, adding that militants are still hiding in the Rukban refugee camp, located within the US-controlled area.
The MSNBC host, who has devoted countless hours of airtime to gossiping about the alleged ties between President Donald Trump and the Kremlin, struggled to keep her composure while discussing the end of Special Counsel Robert Mueller's investigation, which wrapped up on Friday without issuing any further indictments.
Maddow didn't succumb to this unexpected and shocking injustice, however, and reassured her viewers that Mueller's decision not to issue a single collusion-related indictment is the "start of something apparently, not the end of something."
The internet laughed and laughed.
"Very rough night at MSNBC. Rachel Maddow looks like she's going to cry. Chris Hayes glasses are all fogged up," noted radio host Mark Simone.
"This is what it looks like when you've deliberately misled your audience for two years, and then the music stops, and the bill comes due. @maddow," tweeted OANN White House Correspondent Emerald Robinson.
"#Maddow either choking on kitty litter chunks or facing the hard cold reality she's the worst journalist in television history," quipped actor and conservative commentator James Woods.
"What's going on with Maddow? Has she been hospitalized? Sedated?" inquired journalist Michael Tracey.
Others expressed exasperation at Maddow's refusal to face the music, accusing the MSNBC host of ignoring real, pressing issues as she leads her Russiagate crusade.
"So can those of us on the left criticize Trump on the actual issues now, and FINALLY give up on #Russiagate? For 2 years, @maddow has lead @MSNBC in selling us the narrative that Trump colluded w/ Russia What will @maddow do now? Double down or actually do journalism?" asked author and activist Dennis Trainor Jr.

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