U.S. Treasury Sanctions Evrofinance Mosnarbank

Posted on 03/11/2019


The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Evrofinance Mosnarbank, a Moscow-based bank that is jointly owned by Russian and Venezuelan state-owned companies. During 2018, the net assets of Evrofinance Mosnarbank grew over 50%. Evrofinance was founded as a bi-national bank to fund joint Russia-Venezuela oil and infrastructure projects. The […]