Press Releases: The United States Tightens Sanctions on Venezuela by Targeting Russia-Based Bank

Media Note
Office of the Spokesperson
Washington, DC
March 11, 2019

Today, the United States sanctioned Evrofinance Mosnarbank, a Moscow-based bank jointly owned by Russia and Venezuela. With this action, we are targeting a financial institution involved in facilitating illegitimate transactions that prolong Maduro’s usurpation of democracy.

As Maduro’s isolation grows, so do his desperate attempts to expand his corrupt network. Maduro’s enablers, including those in Russia, are facilitating the continued theft of Venezuela’s assets, allowing members of the illegitimate Maduro regime to line their pockets at the expense of the Venezuelan people.

While the illegitimate Maduro regime looks for illicit channels like Evrofinance Mosnarbank to facilitate financial support to state-owned oil company PDVSA, which it then pockets for personal gain, the Venezuelan people are starving and sitting in the dark as their electrical system fails.

We will continue to use the full weight of U.S. economic and diplomatic power to press for the restoration of Venezuelan democracy. We also urge responsible nations across the world to take action and stand with the people of Venezuela.