Exclusive: Venezuela shifts oil ventures' accounts to Russian bank - document, sources
Source: Reuters
CARACAS (Reuters) - Venezuela's state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia's Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday.
PDVSA's move comes after the United States imposed tough, new financial sanctions on Jan. 28 aimed at blocking Venezuela's President Nicolas Maduro's access to the country's oil revenue.
... snip ...
PDVSA also has begun pressing its foreign partners holding stakes in joint ventures in its key Orinoco Belt producing area to formally decide whether they will continue with the projects, according to two sources with knowledge of the talks.
The joint venture partners include Norway's Equinor ASA, U.S.-based Chevron Corp and France's Total SA.
Read more: https://mobile.reuters.com/article/amp/idUSKCN1PY0N3
Farmer-Rick
(10,159 posts)The US harasses Venezuela (U know like presidential harassment: ) So that they partner up with the Russian Mob. I knew when Trump started in on Venezuela it would work out for Putin.
Igel
(35,300 posts)Much of the billions of dollars loaned to Maduro's government's by Putin's just being paid for in kind.
Not many other places for Maduro to go. He's tried to pull over a billion dollars in bullion from the government's account in Britain, to no avail. The EU is mostly off limits. So's Canada. He's sending gold to Turkey, for storage or for refining (in the case of recently mined gold). Maduro needs the money. You can't buy loyalty with heavy, dirty crude. But since the US was still one of the largest importers of PDVSA crude, it still hurts.
He's left with his usual allies. Putin, Xi, Erdogan; Iran, South Africa. And those who are neutral--Bolivia, Mexico. Hungary.
oldsoftie
(12,531 posts)Thats the way a few folks here still think. Poor Maduro, where can he hide his money and gold??
Farmer-Rick
(10,159 posts)GatoGordo
(2,412 posts)North Korea
Iran
Turkey
Syria
Bolivia
Nicaragua
Cuba
China
Awesome friends!
DirtEdonE
(1,220 posts)pootin's best friend trump who sits in our White House doing pootin's bidding.
The entire Venezuela thing with trump is being directed by pootin. It's another shit-show to cause more confusion.
There is no longer any way to tell what their motives or goals are.
pootin and trump are far worse than any Venezuelan dictator or any other dictator for that matter. They just want to take our eyes off of the ball and they're very successful so far. Every time they say, "LOOK OVER THERE!" we turn our heads from the real action.
EX500rider
(10,839 posts)If your populace isn't starving I disagree.
https://www.hrw.org/news/2018/05/18/hostages-hunger-venezuela
GatoGordo
(2,412 posts)Nor our currency losing 99.99999979% of its value over the last 20 years.
Blame Trump for that? The guy who can't organize a two car parade?
DirtEdonE
(1,220 posts)This same BS scenario run down Latin America's throat over and over again every time a non-capitalist government is in power.
The U.S. says they're for democracy but in truth that's only when those "democracies" agree with the U.S.
It even happens outside Latin America. Iran had a democratically elected government in the 50s but the democracy supporting USA overthrew it and handed it back to a dictator, the Shah, who was then overthrown by the Ayatollahs. Just look what we have in the ME today.
GatoGordo
(2,412 posts)So long as its a Marxist dictatorship, and not a fascist one?
Viva la revolucion?
DirtEdonE
(1,220 posts)I refuse to speak the name of the office he was elected to because it was stolen by a traitor.
THE AMERICAN PEOPLE ELECTED donald j trump TO THE WHITE HOUSE and you have the gall to ask me if I'M OK WITH A BLOOD-THIRSTY AUTHORITARIAN DICTATORSHIP???
Listen, I don't know what your beef is with socialism or Venezuela but the USA is and always has been a vehicle for a very few to make a lot of money at the expense of everyone else. We export hegemony. We have military bases in dozens of nations around the world to protect American corporate interests, NOT democracy as we're told with flags waving and patriotic anthems in the background.
This is what we've always been. An empire.
Columbus, that sadistic criminal, came here financed by people looking to expand their fortunes. The rest is window dressing, based on the actual history of this criminal enterprise known as the United States of America.
Now we are governed by a group of wealthy oligarchs who will stop at nothing to expand their fortunes, just as it always was. Proof? They allowed a psychopathic lying filthy traitor to destroy democracy so they could get a tax cut and fewer regulations.
One other thing, pootin is playing trump like a marionette and YOU trust trump to handle a Western Hemisphere dilemma?
Naivete'? Or something worse? It doesn't matter. The results are the same.
Viva la revolucion. Don't make me laugh.
Stop worrying about Venezuela. The revolution we need is RIGHT HERE. And it always has been.
Any economic or political system is doomed to failure on its own. Capitalism is no different. Without a socialist component, it becomes just another fascist oligarchy. Need more proof?
See: USA. trump. gop. pootin.
Achilleaze
(15,543 posts)DirtEdonE
(1,220 posts)That has a nice ring to it.
Signed:
DirtEdonE
DirtEdonE
(1,220 posts)With traitor trump and the running dogs of capitalism, the "authoritarian kleptocracy with democratic window dressing" at their heels.
EX500rider
(10,839 posts)Which perfectly describes Maduro's regime.
DirtEdonE
(1,220 posts)Who used it to describe Maduro's administration.
I switched because it so perfectly described the trump regime and the U.S. political system in general since the advent of their voodoo economics, repeated tax breaks for the super-rich, Citizens United, etc.
Response to DirtEdonE (Reply #15)
Post removed
2naSalit
(86,561 posts)The Wizard
(12,541 posts)Cuba si.
Yankee no.
Only this time our president is in the Russian fold.
yaesu
(8,020 posts)the Manchurian candidate strikes again.
dalton99a
(81,455 posts)debsy
(530 posts)I'm sure donny-boy will get something out of it. He always acts in his own interests.
Takket
(21,562 posts)Eugene
(61,872 posts)Source: Reuters
Russia's Gazprombank says Venezuela's PDVSA has not opened new accounts
MOSCOW (Reuters) - Russias Gazprombank said on Sunday that Venezuelas state-run oil company PDVSA opened accounts with the bank several years ago and has not opened any accounts recently.
Reuters reported on Saturday that PDVSA was telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Gazprombank.
We stress that no new accounts have been opened and the bank does not plan to open any new accounts, Gazprombank said.
Reporting by Tatiana Voronova; writing by Andrey Ostroukh; editing by Jason Neely
https://www.reuters.com/article/us-venezuela-politics-pdvsa-banks-gazpro/russias-gazprombank-says-venezuelas-pdvsa-has-not-opened-new-accounts-idUSKCN1PZ07K
GatoGordo
(2,412 posts)Link to tweet
Translation: #DENUNCIA Usurpadores in PDVSA want to use a brokerage house in Bulgaria to continue plundering the vzla money, they ask the debtors to send them money for this way so they can get it out in cash We already communicate with Bulgaria! They will not steal a dollar more (1/2)