Dude if you look at this video for a proof that someone bought Petro you're lost, lol this guy on the video barely speaks English and like all those who invested in Petro he never received anything yet, people really trying to be part of the project but the government is clearly the problem in this case.. Sad.

 NEM is a decent blockchain so I don't care where and with who the Venezuelan government decide to launch their coin, I just need my coins asap... Its for sure a gamble but to say people are brainwashed it's a stretch...Some of you are just here to talk dirty about the Petro and I don't get it if you did not invest lol, I think it's better to go comment on XVG who is another type of scam lol...I strongly believe Petro will be delivered hopefully soon...

It does make sense that Russia would be involved, because they are also under sanctions and so are united by a common enemy in needing to avoid curtailed global trade.   I believe their sanctions relate to the invasion of Ukraine, including the shooting down of a European passenger jet with top military missile launchers badly used by a militia armed by Russia.  A very sad tale of misdirected aggression with the population suffering most of all and not likely to change any time soon hence establishing trade relations with Cuba or Venezuela under sanctions is nothing new I guess.   Though Russia is a large oil exporter its slightly confusing on their interest, I guess trade might expand to many things for that reason

Has receipt of the tokens occurred for any buyers so far, thought I would have heard of it in the news by now.

Does anyone know how to buy petro in Euros? On the wallet, the option to send to a bank called Evrofinance Mosnarbank seems to have disappeared. When you attempt to initiate a transaction in cash--Euros--to buy a petro via bank transfer there's no instructions. Can someone help?

Who can briefly explain how “backing by oil assets” mechanics work with El Petro?

nobody knows for sure.
and whatever you find about it it's speculation.
if you want to know what i think about it, then read all this thread.

it's like other ICOs.
if you don't wanna risk (gambling), don't buy it right now.

The Petro has many reasons to be a successful project, the "backing" is not really its most relevant feature. Adoption is. Ignore everything you read from trolls and US/EU mainstream media though.

right now in Venezuela there are two National Assemblies.

the normal one controlled by a venezuelan terrorist oligarchy following U.S. imperialism orders
and the other one more powerfull than the president and the present constitution
called National Constituent Assembly controlled by the venezuelan people.

which one are you talking about?

news source?

Yeah, I already realized my mistake of mixing two bodies, thanks for your note.

I was talking about the Constituent Assembly. As far as I see the National Assembly is still opposed to Petro.
So what can be said about the power of this Constituent Assembly? Will it really help Petro become widely used or is it only a formality?


https://www.bloomberg.com/news/articles/2018-04-12/venezuela-says-government-bodies-must-soon-accept-cryptocurrency

Bloomberg reported that referring to the government’s Official Gazette.

They also write about creation of a national Cryptocurrency Treasury which is said to be " in charge of overseeing everything from their emission to trading". I was unable to find more reliable sources on that. Does anybody have them?