U.S slams sanctions on Evrofinance Mosnarbank

WASHINGTON, U.S – The United States of America has imposed sanctions on 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”, the United States said in a statement.

The United States has been at loggerhead with Nicholas Maduro after Juan Guaido declared himself as interim President of Venezuela. Already, the US has thrown its weight behind Guaido like some other western powers but Maduro has remained recalcitrant fueling humanitarian crisis in Venezuela.

In the statement from the Office of Spokesperson, Secretary of State, as Maduro’s isolation grows, so do his desperate attempts to expand his corrupt network.

It added that 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”, the US said, adding that it 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”, the statement added.

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.

Office of the Spokesperson

Washington, DC

March 11, 2019