PDVSA opened an account in Gazprombank for deposits of joint ventures
The Venezuelan oil company indicated to the presidents of the joint ventures that in the future they will receive the money from the exports through an account in the Russian bank as an alternative to avoid the sanctions of the United States.
This Sunday Petróleos de Venezuela – PDVSA – announced its decision to open an account in the Russian bank Gazprombank so that joint ventures can receive revenues from oil exports. The measure seeks to avoid the sanctions imposed on the Venezuelan state at the end of January of this year by the United States.
The document quoted by the Reuters news agency states that the letter was signed by the Vice President of Finance of PDVSA Fernando de Quintal. It states: “The joint ventures where the Venezuelan oil company operates in the Orinoco Belt, in partnership with foreign companies such as the US Chevron, the French Total and the Norwegian Equinor, must notify their customers that they will pay in dollars or euros to that bank account”.
For their part, companies must confirm PDVSA formally that they will continue to participate in the company’s projects despite US sanctions. The transfer of the accounts to Russia is, without doubt, an alternative to the sanctions of Donald Trump.
A factor that has aggravated the situation of the oil company is the political crisis that Venezuela is going through at present. It should be pointed out that on January 23 the president of the National Assembly, Juan Guaidó, assumed the interim presidency of the country.
In any case, it is appropriate to remember that on January 28, the US Treasury Department announced sanctions for new oil sanctions, which resulted in the US $ 7 billion freeze as well as the blockade of all American companies for purchases of Venezuelan oil.
M.Pino
Source: Sputnik Mundo
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