In a Forbes article entitled, “Latest Venezuela Sanctions Make Bank Lending To Maduro Nearly Impossible.” Morrison & Foerster counsel Michael V. Dobson discusses the increasing difficultly of Venezuela’s ruling Socialists United getting loans from abroad, especially if it means the bank has to go through the American financial system. The Treasury just sanctioned Russia’s Evrofinance and Chinese banks could easily be next.
Dobson said, “If you're lending money to Venezuela, you can end up in Treasury’s crosshairs. It’s just too high a risk to do business with Venezuela now. I don’t think China is looking to sink any more money into Venezuela.”