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Hundreds of millions of dollars were shipped from Russia to Venezuela to sidestep US sanctions

Hundreds of millions of dollars were shipped from Russia to Venezuela to sidestep US sanctions
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Hundreds of millions of dollars have been shipped from Russia to Venezuela, Bloomberg reported.




Bloomberg analyzed data from ImportGenius which found that $315 million was sent from Russia between May 2018 to and April 2019.




The money, Bloomberg said, can be used in a variety of methods such as "repatriating cash held overseas or dividends from a stake in a Moscow-based bank."




Venezuela has been subject to a variety of sanctions from the US as the Trump administration recognizes opposition leader Guaidó as president of the country not Maduro.




View Business Insider's homepage for more stories.




Hundreds of millions of dollars have been shipped from Russia to Venezuela, as the country attempts to skirt US sanctions.
Bloomberg analyzed data from ImportGenius and found that $315 million worth of cash in the form of US dollars and euros, were shipped from Russia.
Venezuela has been gripped in violent conflict since the start of the year, with fighting over who actually leads the country.
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