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U.S. considers sanctions to restrict Visa, Mastercard in Venezuela: official

March 15, 2019 / Jeff Mason

The United States is considering imposing financial sanctions that could prohibit Visa Inc , Mastercard Inc and other financial institutions from processing transactions in Venezuela, a senior Trump administration official said on Thursday. The move, which has not been finalized, would represent another step in tightening the financial noose on the government of President Nicolas Maduro and his supporters. The sanctions would be targeted at the elite and groups loyal to Maduro, including members of the military, armed gangs and Cubans operating in Venezuela, while aiming to spare ordinary Venezuelans.