Russia Is Sending Planeloads Of Cash To Venezuela

Russian President Vladimir Putin (right) meeting with Venezuelan President Nicolas Maduro in Moscow on October 3, 2017.

Bloomberg: Planeloads of Cash From Russia Have Been Shipped to Venezuela

Hundreds of millions of dollars in cash has been shipped from Russia to Venezuela, providing a lifeline to the South American country as U.S. sanctions limit its access to the global financial system.

A total of $315 million of U.S. dollar and euro notes were sent in six separate shipments from Moscow to Caracas from May 2018 to April 2019, according to data reviewed by Bloomberg from ImportGen, which compiled Russian customs records it obtains through private sources. The cash came from lenders run by the countries’ governments and went to Venezuela’s development bank, the records show.

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WNU Editor: The amounts of money that we are talking about is only a few hundred million. Far too small to assist the Venezuelan economy and its people. My take on this cash transfer is that it is being used to directly pay off those who are involved in selling off Venezuela's wealth to the Kremlin.