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Nicolas Maduro, Venezuela’s president, center, waves a Venezuelan flag during an anti-imperialist rally outside of Miraflores Palace in Caracas, Venezuela, on March 9, 2019. Photo: Adriana Loureiro Fernandez/Bloomberg

Dealing with state-owned Russian financial institutions—already a risky proposition for many U.S. companies—is even riskier now in the wake of the Treasury Department’s announcement Monday that it had sanctioned a Russian bank for allegedly attempting to sidestep U.S. sanctions on Venezuela, according to a former U.S. sanctions official.

Phillip Bantz

Phillip Bantz is a reporter for Corporate Counsel. Follow him on Twitter @PhillipBantz.

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