Venezuela Leverages Russian Bank Stake To Bypass US Petro Sanctions

Venezuela is taking advantage of its 49% stake in a Russian bank, and using it to skirt US sanctions on its cryptocurrency Petro, according to reports. Buy Petro For €1k At Moscow Bank As the Associated Press (AP) reported May 14, Evrofinance Mosnarbank has become the only international partner willing to accept investments for purchasing Petro, which allegedly raised $5 billion during its ICO. The move reflects the continued involvement on Russia in the story

The post Venezuela Leverages Russian Bank Stake To Bypass US Petro Sanctions appeared first on Bitcoinist.com.

Continue Reading