Citizens of both countries got the initial scoop of the meeting via Venezuela’s finance manager, Simon Zerpa Delgado’s Twitter post. According to his tweets the two countries have met to discuss a future collaboration between the two governments. Many topics were discussed during the meeting and one of those topics of course concerned the petro, Venezuela’s new cryptocurrency.
Delgado’s tweet read, “In this meeting we have reviewed the economic and financial cooperation between the two countries, with emphasis on the new [cryptocurrency] of Venezuela: the Petro. We deliver the Min. Siluánov updated information about our [cryptocurrency].”
He further stated, “Russia and Venezuela will continue to strengthen their trade balance. We will continue advancing in the construction of a multipolar and pluricentric world, free of imperial tensions.”
Russia’s role when it comes to the petro hasn’t been brought to light as of yet. One thing is very important to keep in mind and that was when Nicolas Maduro, Venezuela’s president stated that the petro was the perfect tool to get around sanctions placed on him by the Trump administration. With all this in motion, further news has surfaced that a Russian company called Aerotrading has been linked to Venezuela’s petro.
When it comes to the citizens of Venezuela, their thoughts are completely cut down the middle when it comes to the Petro. Some think this will save the country from economic ruin. The other half of the country thinks the petro is a one way ticket to corruption and fraud. Yet at the end of the day things are uncertain and only time will tell what role the petro plays for Venezuela.