the The Ministry of the Treasury of the United States has imposed sanctions against a Russian Bank. This made it possible that Venezuela is using the Petro to sanctions imposed by the US to bypass the government.
By Phillip Horch
13. March 2019BTC$3.855,34 -0.63%part Facebook Twitter LinkedIn xing mail
the creation of The Petro should serve the economy in Venezuela. To be announced already at the beginning of last year, the government under President Nicolás Maduro, that you’ll give in the future a country of their own crypto currency. Each of the government issued Petro, the promise, to be covered by one barrel of Oil. Apart from that, this claim could never be entirely based on fact, with the Petro-yet another Problem. He served, ultimately, to circumvent sanctions imposed by the US government against Venezuela and left the country bleeding. The point of this: Russia was suspected, to support the circumvention of the sanctions.
in the U.S., more sanctions against Evrofinance Bank
This has been confirmed now by all appearances. Because, as the U.S. Treasury on may 11. March informs, you very well sanctions against the Russian Evrofinance Mosnarbank. These have helped, so the authority of the Petro. As you can see from the message, the Moscow-based Bank owned by the Russian and Venezuelan companies. Furthermore, it is part of the US-American authority:
today’s action was taken pursuant to Executive Order (E. O.) 13850, is aimed at a foreign financial institution. This has been done by the Petroleos de Venezuela S. A. (PdVSA) [petrochemical], which are, in turn, has Long been a tool for corruption, embezzlement and money laundering by Maduro and his Partner, substantially supported and sponsored, as well as financial, material, or technological support for Goods or services.
The connection between Venezuela and the Russian Bank also already years. Already in 2011, the predecessor of Maduro, Hugo Chavez, have acquired a 49-percent share in the Russian Evrofinance. The other half was shared by the Russian Gazprom and VTB Bank, the second largest Bank in Russia.
sanctions are also affecting Venezuela
Finally, the Evrofinance have contributed significantly to the financing of the Petro. Accordingly, the investors were able to acquire the crypto-currency, by transferred your money over the Evrofinance of the Venezuelan government:
the involvement of The Evrofinance in the petrochemical showed the hope Maduro, that the Petro-Venezuela helps to circumvent the US sanctions,
it is said in the message, finally. With the use of the sanction, all apply with this Bank brought assets in the United States as a blocked and must be reported to the Ministry. The regulatory initiative prohibits it to all of US to act as Americans, as well as the US-based people, with the Evrofinance, Venezuela, and the Petro.
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