The USA Imposed Targeted Sanctions on a Russian Bank Which Was Involved in the Creation of El Petro

The US government adopted a package of sanctions against Evrofinance Mosnarbank. It should be noted that this bank is jointly owned by Russian and Venezuelan state-owned companies. The official reason for the sanctions imposition is a partnership with the PdVSA oil corporation.

United States Department of the Treasury declared that PdVSA is a tool for money-laundering and larceny made by the infamous President Maduro. This package of sanctions is nothing other than the fight against foreign corporations that sustain the current regime and aggravate the already deplorable economic state in the country.

The US Department of the Treasury reminded also about the state digital coin El Petro. The earliest investors had an opportunity to purchase this digital coin with fiat transfers directly to the account of Venezuela government. An intermediary between these transactions was Evrofinance Mosnarbank.

The Department representatives emphasized also that throughout the entire 2018 the bank’s assets were constantly growing mainly due to cooperation with the current illegitimate Maduro regime. At the same time, almost all the American and European banks have stopped cooperation with associates of President Maduro.  

We want to remind you:

Crypto and Bolivar in Venezuela: What is Good Money And What is Bad Money?

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