- Home
- Business
- News
- Venezuela's PDVSA Refutes Reports About Russia's Gazprombank Freezing Company's Accounts
Venezuela's PDVSA Refutes Reports About Russia's Gazprombank Freezing Company's Accounts
Umer Jamshaid Published February 18, 2019 | 03:15 AM
Venezuelan state oil company PDVSA has refuted on Sunday reports about alleged freezing of the company's accounts by Russia's Gazprombank
MOSCOW (UrduPoint News / Sputnik - 18th February, 2019) Venezuelan state oil company PDVSA has refuted on Sunday reports about alleged freezing of the company's accounts by Russia's Gazprombank.
Earlier in the day, Reuters reported that Gazprombank had decided to freeze PDVSA's accounts and suspend its transactions in order to reduce possible risks associated with US sanctions.
"PDVSA refutes malicious reports, the purpose of which is to mislead the Venezuelan people, this is a lie," the company said on Twitter, posting screenshots of reports about the freezing of its accounts.
On January 28, the United States blocked $7 billion in PDVSA assets in its jurisdiction and imposed a ban on deals with the entity as part of efforts to facilitate a power transfer. US Treasury Secretary Steven Mnuchin told reporters that by blocking PDVSA assets, the United States was taking care of this company in the interests of the Venezuelan people. Caracas has slammed the move as unlawful and accused Washington of seeking to get its hands on Venezuelan oil reserves.
Related Topics
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From Business
-
Pakistan aims to agree outline of new IMF loan in May - Finance Minister
10 hours ago -
FTO commends FBR's role for prompt resolution of tax payers’ issues
10 hours ago -
BISP embraces E-procurement: launches inaugural tender
12 hours ago -
Business community indebted to Ahsan Zafar for his unprecedented services: Yousuf Rajput
12 hours ago -
China auto sector steps up Europe push with Spain plant
12 hours ago -
Condolence reference held in memory of FBR's officials
13 hours ago
-
Health activists ring alarm bells over 10-stick cigarette pack
13 hours ago -
Karachi receives maiden direct flight of Azerbaijan Airlines from Baku
14 hours ago -
PSX turns bullish, gains 619 points
14 hours ago -
Rupee bounces back; gains 13 paisa against dollar
14 hours ago -
Partners join hands for alternate use of marble, granite slury
14 hours ago -
Tokyo's Nikkei index tumbles 3% in morning trade
16 hours ago