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US sanctions Russia-based bank over Venezuela dealings

AFP  |  Washington 

The slapped sanctions Monday on a Russia-based partly owned by for its support for the government of and the company

The sanctions were aimed at Moscow-based Evrofinance Mosnarbank, which when founded in 2011 was 50 per cent-owned by leading Russian banks and 49-per cent owned by

"This action demonstrates that the will take action against foreign financial institutions that sustain the illegitimate Maduro regime and contribute to the economic collapse and humanitarian crisis plaguing the people of Venezuela," said Treasury in a statement.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 11 2019. 20:55 IST