VENEZUELA SAID TO MOVE CASH THROUGH AN OBSCURE RUSSIAN BANK

Bloomberg on 25th October reported that an obscure Moscow-based state-run bank has emerged as a key player in Venezuelan efforts to work around US sanctions.  Evrofinance Mosnarbank, which is jointly owned by Russia and Venezuela but not subject to sanctions itself.

https://www.bloomberg.com/news/articles/2018-10-25/venezuela-taps-russian-bank-to-work-around-crippling-sanctions

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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