08.15.19: A Dynamic Relationship

Bloomberg reported today that Ziraat, one of Turkey’s largest banks, will no longer do business with Venezuela as a result of financial sanctions placed against the Maduro regime by the United States.

According to the website, Ziraat–which is owned by the Turkish government–is closing its account with the Banco Central de Venezuela (Venezuelan Central Bank, BCV), a move that could prove devastating for Caracas. The article states:

Venezuela’s Central Bank was relying on Ziraat to pay contractors, move money and import products in Turkish liras. A Venezuela Central Bank press official didn’t respond to requests for comment.

Padrino Lopez Visits Russia, Pens Agreement with Moscow

Minister of Defense Vladimir Padrino Lopez was in Russia today to sign a military agreement with Moscow.

According to TASS, the agreement involves “visits by military ships to the ports of both countries.”

Below, an image of Padrino Lopez (right) with his Russian counterpart, Sergey Shoygu:

With the goal of maintaining a dynamic and strong relationship, we’ve signed new cooperation agreements with the Russian Federation. This will mean more exchanges when it comes to education, training, and combined exercises on land, sea and air.


Questions/Comments? E-mail me: invenezuelablog@gmail.com

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This post was originally posted on Giancarlo Fiorella – In Venezuela – View Original Article

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