Venezuela wants to pay Russia for spare car parts in El Petro cryptocurrency

Venezuela wants to pay Russia for spare car parts in El Petro cryptocurrency

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Venezuela will use El Petro to pay for spare car parts of “KamAZ” supplied from Russia. The news was reported by the Minister of Foreign Trade of Venezuela, José Vielma Mora.

According to him, this decision was discussed during the meeting of the bilateral intergovernmental commission in Caracas. In addition to supplies of components, the alliance with the Russian motorcar factory provides vehicle assembly on the territory of Venezuela, which is planned to be partly paid for in El Petro.

It worth noting that recently the information that Russia helped Venezuela in the release of El Petro appeared in media. Thus, the Russian authorities allegedly wanted to estimate the possibilities of the state’s cryptocurrency in circumventing international economic sanctions. There were no official comments on this matter.

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