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Venezuela's PDVSA Transfers Joint Ventures' Accounts to Gazprombank - Reports
Venezuela's PDVSA Transfers Joint Ventures' Accounts to Gazprombank - Reports
Sputnik International
MOSCOW (Sputnik) - Venezuelan state-owned oil company PDVSA is moving bank accounts belonging to its joint ventures to one of the largest Russian banks... 09.02.2019, Sputnik International
2019-02-09T23:07+0000
2019-02-09T23:07+0000
2019-02-09T23:10+0000
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Venezuela's PDVSA Transfers Joint Ventures' Accounts to Gazprombank - Reports
23:07 GMT 09.02.2019 (Updated: 23:10 GMT 09.02.2019) MOSCOW (Sputnik) - Venezuelan state-owned oil company PDVSA is moving bank accounts belonging to its joint ventures to one of the largest Russian banks, Gazprombank, amid US sanctions, Reuters news agency reported early on Sunday, citing sources.
According to the agency, PDVSA has instructed joint ventures' clients to transfer proceeds from oil sales to new bank accounts opened by the Russian bank.
1 February 2019, 07:06 GMT
The agency also said that the Venezuelan oil company had asked its foreign energy partners, including US Chevron Corporation, Norwegian Equinor and French Total, to decide whether they will remain a part of the joint ventures.
READ MORE: Venezuela's PDVSA Wants to Replace US Execs on Citgo Petroleum Board — Reports
In January, the US State Department announced that Washington had frozen $7 billion in assets belonging to PDVSA in order to make some of the money available to Venezuela's self-proclaimed acting president, Juan Guaido.