trending Market Intelligence /marketintelligence/en/news-insights/trending/B08F8npI8ZnEF_JpnRURHg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

US sanctions Russian lender Evrofinance MosnarBank

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


US sanctions Russian lender Evrofinance MosnarBank

The U.S. Treasury's Office of Foreign Assets Control imposed sanctions on JSCB Evrofinance-Mosnarbank Bank JSC, a Moscow-based lender jointly owned by Russian and Venezuelan state companies, for allegedly attempting to evade U.S. sanctions on Venezuela.

The bank has materially assisted, sponsored or provided support to Venezuelan state-owned oil firm Petróleos de Venezuela SA, or PdVSA, the Treasury said March 11. PdVSA has been in the Treasury's sanctions list since January.

"This action demonstrates that the U.S. will take action against foreign financial institutions that sustain the illegitimate Maduro regime and contribute to the economic collapse and humanitarian crisis plaguing the people of Venezuela," Treasury Secretary Steven Mnuchin said.

The bank, for its part, said it is continuing to operate in a stable manner and that it will unconditionally meet its obligations to clients and partners, The Wall Street Journal noted.

In 2011, former Venezuelan President Hugo Chávez purchased a 49% stake in Evrofinance through Venezuela's National Development Fund, Fondo De Desarrollo Nacional Fonden SA, while Russian lenders AO Gazprombank and state-owned VTB Bank PJSC each owned a 25% stake in the bank at the time of its incorporation, according to the Treasury.