U.S.'s sanctions on Venezuela propping up Maduro, says Mnuchin

U.S. Treasury Secretary Steven Mnuchin said on Friday said that sanctions imposed by Washington on ships transporting Venezuelan crude to Cuba target Havana's role in propping the government of Venezuelan President Nicolas Maduro.

"Cuba has been an underlying force fueling Venezuela's descent into crisis. Treasury is taking action against vessels and entities transporting oil, providing a lifeline to keep the illegitimate Maduro regime afloat," Mnuchin said in a statement.