March 15, 2019 / 9:00 AM / a month ago

Gazprombank plans to transfer stake in sanctions-hit Evrofinance to Russia

MOSCOW (Reuters) - Russia’s Gazprombank plans to transfer its stake in Russian-Venezuelan lender Evrofinance Mosnarbank, which was placed under U.S. sanctions, to Russia’s property management agency, Gazprombank said on Friday.

The United States announced sanctions on Evrofinance Mosnarbank on Monday for its dealings with Venezuelan state oil company Petroleos de Venezuela SA (PDVSA).

Reporting by Tatiana Voronova; writing by Tom Balmforth; editing by Maria Kiselyova

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