Russian banks send six aircrafts with cash to Venezuela bypassing US sanctions

Russian banks send six aircrafts with cash to Venezuela bypassing US sanctions

More than $300 million has been transported.

Two Russian under US sanctions, Eurofinance Mosnarbank and Gazprombank, sent cash worth a total of $315 million to Venezuela.

The money was sent in six batches from May 2018 to April 2019, Bloomberg reports. The funds were intended for the Venezuelan bank BANDES, on which the United States also imposed sanctions.

In April 2019, the Russian-Venezuelan Eurofinance Mosnarbank transferred $97 million to the Venezuelan leadership. In January, Gazprombank, which previously owned a stake in Eurofinance, allocated 100 million to Venezuela.

A Gazprombank representative Anton Trifonov said that Eurofinance stopped working with BANDES in March this year. Earlier it was reported that Venezuelan authorities could use Eurofinance to pay their suppliers and make international payments through Moscow.

Venezuela is on the list of Russia's largest debtors with a debt of $3.15 billion.

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