U.S. sanctions Russian bank over dealings with Venezuela state oil firm

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U.S. sanctions Russian bank over dealings with Venezuela state oil firm
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The United States sanctioned the Russian bank Evrofinance Mosnarbank on Monday, ...

WASHINGTON - The United States sanctioned the Russian bank Evrofinance Mosnarbank on Monday, accusing it of helping Venezuelan state oil firm PDVSA evade U.S. financial restrictions and provide a “lifeline” for socialist President Nicolas Maduro’s government.

However, Maduro, who has accused Guaido of a U.S.-directed coup attempt, retains the backing of Russia and China as well as control of state institutions including the military. “Bankers: Do not help Maduro and his accomplices steal the assets of the Venezuelan people,” U.S. national security adviser John Bolton wrote in a message on Twitter on Monday. “The United States is watching. The world is watching. The Venezuelan people are watching.”

Evrofinance was the primary international financial bank that helped finance a Venezuelan crypto-currency, the petro, which launched last year in an attempt to “circumvent” U.S. sanctions, the Treasury Department said.

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