By Maya Lester KC & Michael O’Kane

US sanctions Russian bank for trying to circumvent Venezuela sanctions

The USA has designated Evrofinance Mosnarbank, a Moscow-based bank owned by Russian and Venezuelan state-owned companies, pursuant to Executive Order 13850. The bank is said to have “materially assisted, sponsored or provided financial, material or technological support” to PdVSA, the Venezuelan state-owned oil company. The press release states that these US secondary sanctions “target foreign financial institutions that have materially…...

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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