Posted on 11/01/2019 11:55:28 PM PDT by CondoleezzaProtege
Hundreds of millions of dollars in cash has been shipped from Russia to Venezuela, providing a lifeline to the South American country as U.S. sanctions limit its access to the global financial system.
A total of $315 million of U.S. dollar and euro notes were sent in six separate shipments from Moscow to Caracas from May 2018 to April 2019, according to data reviewed by Bloomberg from ImportGenius, which compiled Russian customs records it obtains through private sources.
...As a consequence of the scrutiny, the central bank is conducting more transactions in cash, sometimes offering local clients access to euro bills.
ImportGenius’s data goes through April this year. That month, about $97 million in notes were sent in two loads from Moscow-based bank Evrofinance Mosnarbank to Venezuela’s Banco de Desarrollo Economico y Social de Venezuela, or Bandes. Evrofinance is a joint venture between Bandes and Russia’s state property management agency.
In January, $113 million worth of 100-euro bills were sent from state-controlled lender Gazprombank, which at the time had a stake in Evrofinance. The same entity shipped $50 million in U.S. dollar bills just two days earlier, and two separate shipments of unspecified currency totaling $55 million were made in May and July of last year.
Press officials for Evrofinance didn’t respond to requests for comment. Requests made to Bandes through Venezuela’s Finance Ministry were redirected to the Information Ministry, which didn’t respond.
A Venezuelan government official confirmed the country had received cash shipments tied to Evrofinance but declined further comment.
(Excerpt) Read more at themoscowtimes.com ...
They’re buying access to something... What? I’m not sure.
How much did Obama ship to Iran to keep it afloat - $1.5 billion? Or was it more?
LOL, good one.
Hard to carry water for a water barrel full of leaks.
Foreign aid cannot overcome hardship due to corruption.
Well this will make the many Maduro FReeper fans happy.
Yep...Obama gave Iran cash and gold. Now Iran is helping Venezuela. Putin has great friends...lol
*** Well this will make the many Maduro FReeper fans happy. ***
Not a Maduro Fan, but not a Regime Change Fan, either. How many Venezuelans have benefitted from US sanctions, and money thrown at the Guaido Gambit to include the 70 million missing US taxpayer dollars that the Gambiteers seem to have absconded with?
The American model for freedom and democracy to install puppet governments, and loot resources benefits a handful of elite corporations. It doesn’t benefit most Americans.
“Hmmm. Ya can’t EAT money...I’m guessing this is not humanitarian aid...must be a bribe,” said Captain Obvious.
AH, the greenback, the currency of the Realm! Euros,not so much.
While the money could be for any number of things — like Venezuela repatriating cash held overseas or dividends from a stake in a Moscow-based bank or revenue from sales of crude or gold — the complex logistical feat shows one of the ways President Nicolas Maduro’s administration has sought to skirt aggressive U.S. financial sanctions. As a consequence of the scrutiny, the central bank is conducting more transactions in cash, sometimes offering local clients access to euro bills.
Its almost like you're a propagandist intentionally trying to mislead the audience.
I found this interesting.
Venezuelans bartering food, cigarettes to pay for gas amid inflation
The Ruble is worthless outside of Russia. One dollar equals 64 rubles.
The Ruble is worthless outside of Russia. One dollar equals 64 rubles.
well they do need toilet paper in Venezuela
Russia is buying access for Venezuela to not produce oil, so that Russia’s oil is worth more.
And the people get starvation.
Every big Corporation pays the Govt to put its competition out of business, then says it is for a good cause. Pols have no money of their own, so they gladly take it.
Good catch.
On pallets ?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.