The office of foreign assets control (OFAC) of the U.S. Treasury Department imposed sanctions on a Russian-Venezuelan Bank “Evrofinance Mosnarbank” for the financing of the cryptocurrency Petro (PTR).

Sanctions against the national cryptocurrency of Venezuela was introduced by the President of the United States Donald trump (Donald Trump) in March last year. The message that “Evrofinance Mosnarbank” participated in crudele PTR, appeared in may.

The Bank belongs to the national development Fund of Venezuela (FONDEN) and Russian banks Gazprombank and VTB, which are under U.S. sanctions since 2014.

“When the failed Venezuelan cryptocurrency, called Petro, was launched in 2018, He has become a major international financial institution seeking to Finance Petro. Early investors in Petro were invited to buy bitcoin by transferring funds to the account of the government of Venezuela in the Bank. Part of Evrofinans, Petro gave hope Maduro that PTR will allow Venezuela to circumvent U.S. financial sanctions,” — said in a press release from the Treasury.

Immediately after the beginning of krautsalat Petro reported that the issue of national cryptocurrencies Venezuela helped Russia at least confirmed the participation of Russian blockchain startups Zeus. The Kremlin has denied involvement of any of our IT professionals in the development of PTR.

In Venezuela, he broke out a severe economic and humanitarian crisis, the economy is shrinking, inflation last year exceeded 1000000%, while the national currency continues to become cheaper. This has led to the rising popularity of crypto-currency payments in the country. The use of Petro remains extremely limited, for example, the national cryptocurrency is not supported by the running state service cryptoperiod.