Venezuelan and Russian government officials met last week in Moscow to discuss the launch of Venezuela’s new petro cryptocurrency, according to Coindesk. (See also: Venezuela Claims To Have Pre-Sold $735 Million of Petro Cryptocurrency.)

The terms of the meeting remain unclear, but it seems that Russian officials have taken an interest in Venezuela’s state-backed digital currency. What are the implications for a potential collaboration? And what might that collaboration even look like?

Venezuelan Finance Minister Simon Zerpa Delgado met with Russian officials in Moscow the day after the petro launched, according to tweets published through his official account. While it’s possible that the meetings focused on other issues as well, the topic of the petro, which was launched late in February, came up.

‘Economic and Financial Cooperation’

Delgado tweeted (translated from Spanish): “In this meeting we have reviewed the economic and financial cooperation between the two countries, with emphasis on the new [cryptocurrency] of Venezuela: the petro.”

He continued (see tweet below): “Russia and Venezuela will continue to strengthen their trade balance. We will continue advancing in the construction of a multipolar and pluricentric world, free of imperial tensions.”…..Read more: