Venezuelan Government promotes creation of multipurpose banking from Russia’s experience - MPPRE

Venezuelan Government promotes creation of multipurpose banking from Russia’s experience

In the context of the 24th St. Petersburg International Economic Forum, the Minister of People’s Power for Productive Agriculture and Lands, Wilmar Castro Soteldo, held a meeting on Thursday with the First Deputy Chairman of the Board of Directors of the Russian Agricultural Bank, Kirill Yurievich Liovin.

In a statement after the meeting, Minister Solteldo expressed Venezuela’s interest in creating crypto banking and multipurpose banking in cooperation with this Russian financial institution.

In this regard, Soteldo explained the intention is to use the experience of the Russian Agricultural Bank, Russia’s fifth largest bank, to train Venezuelan human talent and manage its functionality.

Likewise, the Venezuelan agriculture minister pointed out that they discussed experiences to safeguard financial operations used by the Russian bank that have contributed to the prestige of the institution.

The 24th St. Petersburg International Economic Forum is taking place in the city of Saint Petersburg with the participation of business representatives from Africa, France, Germany, Italy, Qatar, Finland, Sweden, Japan and the Association of Southeast Asian Nations.

The Venezuelan delegation attending this event includes the ministers of People’s Power for Productive Agriculture and Lands, Wilmar Castro Soteldo; for Science and Technology, Gabriela Jiménez; and Tourism, Alí Padrón.