A Russian Bank is reportedly supporting Petro and has been offering financial services while defying the US sanctions.
Venezuela will give India a 30 percent discount on crude oil, but only if India uses the state-issued Petro coin, according to an article published yesterday, April 29, from local Indian news outlet Business Standard.
Venezuela may soon charge for Exports out of the country in Petro,the Oil Backed Cryptocurrency.
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It was recently announced that El Petro, Venezuelas petroleum backed national cryptocurrency will be paired with the Russian ruble, as well as a few other fiat currencies.
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Trump recently place a ban on the transaction in Petro among the US citizen. However, Venezuela's ruling party has responded with "profound indignation" to this decision and slammed the US President Donald Trump.
The United States has banned the trading of Venezuela's Petro