MOSCOW (Sputnik) - After consultations with the Venezuelan side and businesses, the Russian authorities have decided to transfer the accounts of Venezuelan firms in Russia to the Moscow-based joint-stock company Bank Russian Financial Corporation (RFC-bank), two sources close to the negotiations told Sputnik on Tuesday.

MOSCOW (Sputnik) - After consultations with the Venezuelan side and businesses, the Russian authorities have decided to transfer the accounts of Venezuelan firms in Russia to the Moscow-based joint-stock company Bank Russian Financial Corporation (RFC-bank), two sources close to the negotiations told Sputnik on Tuesday.

“RFC-bank will become the core bank for servicing all Venezuelan enterprises, first of all, the PDVSA [state-owned oil and natural gas company],” one of the sources said without providing other details.

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Bank Russian Financial Corporation, founded in 1993, provides services to Russia's strategic companies and the defence industry, according to the Bank of Russia's website.