Venezuela is experiencing difficulties with payments at El Petro and is discussing the switch to rubles

Russia and Venezuela will discuss the possibility of switching to settlements in rubles. This was announced by the Ambassador of Venezuela at the UN Geneva Office, Jorge Valero, Izvestia writes.

The diplomat said that US sanctions and blocking accounts in dollars and euros had a negative impact on the country's economy. Venezuela has difficulty accessing international financing and oil investments.

“We are now trying to conduct our operations through other currencies, including the El Petro cryptocurrency, ” Jorge Valero added.

In addition to using the Russian ruble for settlements, Venezuela hopes to receive from Russia assistance in restructuring its foreign debts to other states.

“We always have the support of Russia. And our relations extend to many areas, ”the diplomat said.

Note that on April 17, the United States imposed sanctions against the country's central bank.

Earlier in May, BlockchainJournal reported that Startup Reserve intends to launch an application to exchange cryptocurrencies for fiat money in Venezuela and Angola.

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