Venezuelan WTO Request Accuses US of ‘Discriminatory Measures’ Against Petro Coin

Venezuela has taken issue with United States sanctions, including those levied against transactions in the country’s national digital currency, the Petro (PTR), according to a World Trade Organization (WTO) consultation request, published Jan. 8.The request, dubbed “United States — Measures relating to trade in goods and services,” was originally filed on Dec. 28. In the document, the delegation of the Bolivarian Republic of Venezuela requests consultations with the U.S. government regarding “certain measures imposed by the United States in relation to trade in goods and services.”In particular, the document describes five key areas through which the U.S. purportedly introduced “coercive trade-restrictive measures [...] on the Bolivarian Republic of Venezuela.” One of the fives areas describes “[d]iscriminatory coercive trade-restrictive measures with respect to transactions in Venezuelan digital currency.”In this section, the Venezuelan government alleges that the U.S. government subjects Venezuelan financial services and financial service suppliers to the above measures, “under…

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