Venezuela's President Nicolas Maduro speaks during a Council of Ministers meeting at Miraflores Palace in Caracas, Venezuela July 11, 2016. Miraflores Palace/Handout via REUTERS
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Venezuelan President Nicolas Maduro has accused Citibank of mounting a "financial blockade" on the country after the U.S. bank decided to close the government's international payments account with it.Maduro said Monday that Citibank gave no warning when it decided to close the Venezuelan central bank's accounts with it.Maduro's socialist government has often claimed that U.S. interests and local business elites were trying to undermine his state-led economy and prevent Venezuela's access to international credit.Earlier Monday the government moved to let workers to assume control of the Venezuela facilities of U.S. consumer goods giant Kimberly-Clark, two days after the company announced it would cease production because of high inflation and difficulties getting enough hard currency to buy raw materials.
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