The United States imposed sanctions on a Russian Bank that helped finance the Venezuelan state cryptocurrency Petro, which was part of the Nicolas Maduro government's attempt to circumvent Washington's economic pressure on the country.
The U.S. Department of the Treasury designated Evrofinance Mosnarbank, a Moscow-based bank that is jointly owned by Russian and Venezuelan state-owned companies, for supporting Venezuelan state-owned oil company Petroleos de Venezuela S.A. (PdVSA), which has already been targeted by Washington for corruption, embezzlement, and money laundering by the Maduro regime.
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by Joji Xavier
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