Venezuela shifts oil ventures' accounts to Russia's Gazprombank - document, sources

Juan Guaido who has appointed himself interim president speaks to supporters in the Venezuelan capital Caracas.                     Image DPA  PA Images

As one of the world's major oil companies, PDVSA opened accounts in many large banks, including global ones.

On Saturday, Reuters reported citing sources that PDVSA (Petroleos de Venezuela, S.A.) is telling customers of its oil joint ventures to deposit sales proceeds at an account at Russia's Gazprombank.

The move comes after the United States imposed new financial sanctions aimed at preventing oil revenues reaching the government of President Nicolas Maduro.

Venezuela's opposition leader Juan Guaido has accused those blocking the humanitarian aid to his country of committing genocide, warning that the stoppage is a crime against humanity. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

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State-run PDVSA several weeks ago informed customers of the new banking instructions and has begun moving the accounts of its joint ventures, which can export crude separately.

Tensions rose when opposition leader Guaido declared himself acting president on January 23, a move which was supported by the USA and many European and Latin American countries.

Venezuela's self-proclaimed interim leader has told RT that the "corrupt regime" there is exclusively to blame for its dire humanitarian situation, and promised that democracy will be embraced, with free elections, once Maduro is gone.

Russia, Turkey, China, Iran, Bolivia and Mexico have put their weight behind Maduro.

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