Allow Humanitarian Aid To Reach Venezuela
We are writing to you to urge Novo Banco to execute the transfer of a modest portion of the now technically unfrozen assets belonging to Bandes, the Venezuelan economic and social development bank, so they may be transferred directly to the Brazil-based Pan-American Health Organisation to pay for vaccines and medicines for infants in Venezuela.
Bandes informed us that they submitted this request to Novo Banco on 22nd July and have yet to receive a response. At this point in time there is no legal or extralegal obstacle that would preclude a Portuguese bank from making a transfer of Bandes’ own funds in Brazilian reales directly to a Brazilian bank account in order to pay for humanitarian supplies for children.
Nearly 2 billion USD (in various currencies but a large amount in euros) have been withheld by Novo Banco illegally since late 2017.