Venezuela shifts oil ventures' accounts to Russia's Gazprombank - document, sources

Security personnel gather on Pennsylvania Avenue before the presidential inauguration of President-elect Donald Trump Friday Jan. 20 2017 in Washington

Security personnel gather on Pennsylvania Avenue before the presidential inauguration of President-elect Donald Trump Friday Jan. 20 2017 in Washington

"The report by Reuters agency does not correspond with reality".

"We stress that no new accounts have been opened and the bank does not plan to open any new accounts", Gazprombank said.

On Saturday, Reuters reported citing sources that PDVSA (Petroleos de Venezuela, S.A.) is telling customers of its oil joint ventures to deposit sales proceeds at an account at Russia's Gazprombank.

PDVSA's move comes after the United States imposed tough, new financial sanctions on January 28 aimed at blocking Venezuela's President Nicolas Maduro's access to the country's oil revenue.

Ellen Page Drags Chris Pratt for His "Infamously" Anti-LGBTQ Church
Chris Pratt is often thought of as one of Hollywood's most likable-and most bankable-leading men, but Ellen Page isn't having it. He also said how the church's pastor shared some words of wisdom about how he can balance fame and his inner self.

The United Nations is willing to bring Venezuelan President Nicolas Maduro and opposition leader Juan Guaido together for "serious negotiations" at their request, UN Secretary-General Antonio Guterres said during a press conference at the 32nd African Union summit on 10 February.

PDVSA several weeks ago informed customers of the new bank directions and has begun moving the accounts of its joint ventures, which can export crude separately. Venezuela's incumbent President Nicolas Maduro blasted the move as an attempted coup and announced cutting diplomatic ties with the United States.

Russia, Mexico, China, Turkey, Uruguay and several other countries came forward to reaffirm their support for Maduro as the country's only legitimate democratically elected head of state.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.