U.S. sanctions Russia-based bank

The US Treasury slapped sanctions on Monday on a Russia-based bank partly owned by Venezuela for its support for the government of embattled President Nicolas Maduro and the state oil company PDVSA.

The sanctions were aimed at Moscow-based Evrofinance Mosnarbank, which when founded in 2011 was 50 percent-owned by leading Russian banks and 49-percent owned by Venezuela’s National Development Fund.

MORE: https://english.alarabiya.net/en/business/economy/2019/03/11/US-sanctions-Russia-based-bank-over-Venezuela-dealings

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