A Moscow-based bank that acted as the primary conduit for buying "Petro," Venezuela's state-issued cryptocurrency, has been added to the U.S. list of "Specially Designated Nationals," or SDNs, after allegedly handling illicit funds from state-owned oil firm PDVSA. The U.S. Office of Foreign Assets Control, or OFAC, accused Evrofinance Mosnarbank on Monday of serving as a "lifeline" for Venezuela's President Nicolas Maduro amid the nation's growing economic crisis, and claimed the lender's assets somehow managed to jump 50 percent last year as the U.S. and EU embargo against his administration tightened. Venezuela’s political impasse at home and with the United...
The U.S. Treasury Department announced that the Office of Foreign Assets Control has designated Evrofinance Mosnarbank, a Moscow-based bank that is jointly owned by Russian and Venezuelan state-owned companies.
print