2/10, 11:56 AM (Source: TeleTrader)
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Gazprombank denies PDVSA has new accounts

Gazprombank Jsc said on Sunday a news report that Petroleos de Venezuela SA (PDVSA) is using its services to bypass sanctions isn't true. The Russian lender stressed information about new accounts opened for international joint ventures is false. Venezuela's oil monopoly is targeted by the United States with punitive measures as the Latin American country is in a crisis with a parallel government emerging.

The administration in Washington and its allies in the Western Hemisphere and Europe have recognized Juan Guaido, self-proclaimed interim president, instead of Nicolas Maduro. Gazprombank said it has been running accounts for PDVSA for "a few years" now for business dealings with its customers but that there is no plan for new ones.

Breaking the News / IT