WASHINGTON/CARACAS (Reuters) - The United States on Monday imposed sanctions on three Venezuelans and 20 companies for narcotics trafficking activity, as it seeks to increase pressure on socialist President Nicolas Maduro. The 20 companies -- of which 16 are based in Venezuela -- were used to launder illicit proceeds from the drug trade, according to the statement. “We will deny corrupt Venezuelan regime officials access to the U.S. financial system as we work with international partners to support the Venezuelan people in restoration of democracy and a return to prosperity.”

U.S. Vice President Mike Pence is set to discuss the sanctions in a speech to the Organization of American States on Monday, an aide to Pence said.
The United States imposes sanctions on three Venezuelans and 20 drug entities for trafficking activity.