Evrofinance sanctions: Fresh twist as Gazprombank plans to transfer stake

Evrofinance sanctions: Fresh twist as Gazprombank plans to transfer stake
Image Credit: Pixabay
  • Country:
  • Russian Federation
  • United States

Russia's Gazprombank plans to transfer its stake in Russian-Venezuelan lender Evrofinance Mosnarbank, which was placed under U.S. sanctions, to Russia's property management agency, Gazprombank said on Friday. The United States announced sanctions on Evrofinance Mosnarbank on Monday for its dealings with Venezuelan state oil company Petroleos de Venezuela SA (PDVSA).

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