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

US sanctions on Venezuela have limited the country's access to the global financial system

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.

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.

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