MOSCOW, March 11. /TASS/. Evrofinance Mosnarbank hit by US sanctions earlier today continues normal operations, press service of the credit institution told TASS on Monday.

"In connection with news regarding sanctions introduced by the US in respect of Evrofinance Mosnarbank, we inform that the bank continues stable operations. The Bank meets and will unconditionally meet all its commitments to clients and partners in full scope," the press service said.

The US Treasury introduced sanctions against the Russian-Venezuelan bank Evrofinance Mosnarbank in connection with the situation in Venezuela, according to its statement released earlier on Monday.

Evrofinance Mosnarbank was founded at the turn of 2003 as a result of consolidation of Mosnarbank and JCB Evrofinance. Shareholders of the credit institution are Venezuela’s national development fund Fonden S.A. (49.99%), Gazprombank and its subsidiary Novintech (25% plus one share), VTB and its foreign subsidiaries ITC Consultants and VTB Bank (25% plus one share).

The credit institution ranks 96th among Russian banks in terms of the asset value and is the joint Russian-Venezuelan bank, operating in accordance with the intergovernmental agreement between the two countries.