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    August 12, 2017

    'Neutral' Switzerland strikes Maduro regime

    August 12 , 2017 - Fort Russ News - 
    KToVKurse - translated by Inessa Sinchougova

    One of the largest European banks, Swiss Credit Suisse, has forbidden its traders to conduct transactions with Venezuela's securities in order not to affect the regime of Nicholas Maduro.

    The bank published on Monday, August 7, a message in which it said that it suspends trading operations with issuing of bonds placed by the state and the national oil company, as well as with any bonds of Venezuelan legal entities issued after June 1.

    In addition, the Zurich bank imposed restrictions on doing business with counterparties from Venezuela, including private individuals and companies.

    The decision was made after the US imposed sanctions against Maduro, who had previously convened an assembly to change the constitution to suit his needs.

    Credit Suisse actions are also important for the Venezuelan opposition, which called on the Wall Street banks not to provide any financial support to the Maduro regime. Previously, the opposition attacked Goldman Sachs for buying securities that are now on the black list of Credit Suisse.

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