23:14 GMT +322 March 2019
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    Venezuela's oil company PDVSA

    Venezuelan Companies' Accounts in Russia to Be Moved to Russian RFC Bank

    © AFP 2019 / Juan Barreto
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    MOSCOW (Sputnik) - After consultations with the Venezuelan side and businesses, the Russian authorities have decided to transfer the accounts of Venezuelan firms in Russia to the Moscow-based joint-stock company Bank Russian Financial Corporation (RFC-bank), two sources close to the negotiations told Sputnik on Tuesday.

    “RFC-bank will become the core bank for servicing all Venezuelan enterprises, first of all, the PDVSA [state-owned oil and natural gas company],” one of the sources said without providing other details.

    READ MORE: Moscow Vows ‘Tough Response’ to Attacks on Russian Investments in Venezuela

    Bank Russian Financial Corporation, founded in 1993, provides services to Russia's strategic companies and the defence industry, according to the Bank of Russia's website.

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