Washington Imposed Sanctions Against the Russian-Venezuelan Bank
OREANDA-NEWS Washington contributed to the sanctions list of the Bank "Evrofinance Mosnarbank" for the relationship with the Venezuelan state oil company PDVSA, announced the American Ministry of Finance.
The list participant faces freezing of assets in the US jurisdiction, as well as a ban on transactions with American individuals and legal entities.
Last week, the adviser to the Head of the White House on national security John Bolton warned that foreign financial institutions may be under sanctions for facilitating "illegal transactions in favor of Nicholas Maduro."
On the introduction of sanctions against PDVSA, the United States announced on January 28. Assets and interests of the company for seven billion dollars in the US jurisdiction are blocked, transactions with them are prohibited.
Venezuelan Ambassador to Moscow Carlos Rafael Faria Tortosa said that sanctions against the Bank were expected.
"We know that every time we or our Russian friends want to do something against the desire of the United States or when they want to interfere with our cooperation, they impose sanctions against banks, businesses or people. It was expected," the diplomat told reporters.
He also noted that the opening of PDVSA office in Moscow is expected within two months.
According to him, a meeting of the intergovernmental Commission will be held on April 4-5. The Commission will be attended by several Ministers, including its co-Chairman, Minister of industry Tarek El-Aissami.
"Eurofinance Mosnarbank", according to the rating of RIA Novosti, on January 1, 2019 took 81st place in the Russian banking system with assets of 71.2 billion rubles.
According to the latest data from the Russian Central Bank, as of April 6, 2018, the owner of almost 50% of the Bank's shares was the Ministry of economy, Finance and state banks of Venezuela (through the Fonden national development Fund), the packages of just over 25% were controlled by Gazprombank and VTB.