U.S. sanctions Rosneft subsidiary to press VenezuelaChristian Fernsby ▼ | February 18, 2020
The United States today tightened financial restrictions on Venezuela, blacklisting a subsidiary of Russian oil firm Rosneft that U.S. has said provides a lifeline to President Nicolas Maduro's government.
Topics: U.S. sanctions Rosneft Venezuela
The Trump administration has accused the subsidiary, Rosneft Trading, of propping up the Venezuelan oil sector and actively evading American sanctions.
The United States also issued a general license allowing companies 90 days to wind down their transactions with the company, according to a notice on the Treasury Department's website.
The action freezes any U.S. held assets of the Geneva-based trading unit of the Russian oil giant and its chairman of the board of directors and president, Didier Casimiro. ■