Venezuela opposition approves $100 mln in frozen funds for COVID-19 vaccines
Opposition leader Juan Guaido and allies have for months been negotiating with the government of President Nicolas Maduro to pay for vaccines using the funds. The Trump administration froze $342 million in Venezuelan central bank deposits as part of a 2019 program and put them at the disposal of Guaido, who the United States recognizes as the country s legitimate president.Reuters | Caracas | Updated: 23-04-2021 05:21 IST | Created: 23-04-2021 05:21 IST
Venezuela s opposition on Thursday agreed to use $100 million in funds frozen in the United States to pay for coronavirus vaccines via the COVAX program, as the South American nation remains one of the slowest in inoculating against the disease. Opposition leader Juan Guaido and allies have for months been negotiating with the government of President Nicolas Maduro to pay for vaccines using the funds.
Venezuela opposition approves $100 mln in frozen funds for COVID-19 vaccines
nationalpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalpost.com Daily Mail and Mail on Sunday newspapers.
Venezuela opposition approves $100 mln in frozen funds for COVID-19 vaccines
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
News
BitPay will have to pay the U.S. Treasury s Office of Foreign Asset Control over half a million dollars for crypto services to sanctioned regions.
In a Feb. 18 announcement of the settlement, OFAC said that BitPay had facilitated approximately $129,000 worth of digital currency-related transactions with BitPay’s merchant customers by users from Crimea, Cuba, North Korea, Iran, Sudan and Syria effectively the full range of geographical sanctions that OFAC has in place.
OFAC repeated that crypto firms need to align themselves with sanctions programs, saying: This action emphasizes that OFAC obligations apply to all U.S. persons, including those involved in providing digital currency services.
Article content
CARACAS Venezuelan government officials and opposition leaders have met to discuss buying coronavirus vaccines through the COVAX program using cash frozen in the United States by economic sanctions, two sources familiar with the matter said on Thursday.
Opposition leader Juan Guaido last week said that Venezuelan funds controlled by the U.S. Treasury Department could be used to pay for vaccines. The cash-strapped government of President Nicolas Maduro has signed up for COVAX, co-led by the World Health Organization (WHO) to provide vaccines globally, but has not made the associated payments.
We apologize, but this video has failed to load.