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May 15th, 2018 
Awake Goy According to Associated Press, Russia’s Evrofinance Mosnarbank has become the first international financial institution so far willing to back the petro after US authorities warned potential investors over related risks.
Investors who registered with Venezuela’s government and downloaded the petro’s wallet software were invited to buy the cryptocurrency by wiring a minimum of €1,000 to a Venezuelan government account at Evrofinance. The wallet software is available in Spanish, English and Russian.
Venezuela’s oil-backed cryptocurrency will be convertible to Russian rubles – Maduro https://t.co/9TbHG1zsNF
— RT (@RT_com) March 24, 2018
Venezuela’s government purchased a 49 percent stake in Evrofinance in 2011. The rest of the shares are held by Russia’s two major banks, state-controlled VTB and Gazprombank, reports the agency.
In March, Washington prohibited trade in the petro in the US with President Donald Trump calling the cryptocurrency a ‘scam supporting a dictatorship.’ The executive order signed by Trump banned “all transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital token,” issued by Venezuela’s government.
Maduro vowed that, despite the sanctions, Venezuela would continue pushing forward the domestic blockchain technology and “make the petro one of the most solid and trustworthy cryptocurrencies in the world.”
Source Article from http://feedproxy.google.com/~r/blacklistednews/hKxa/~3/K1pTRCSQVBg/russian-bank-helps-venezuela-defy-us-sanctions-on.html
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