US Department of Treasury places sanctions upon Rosneft Trading

Source : 112 Ukraine

The company and its Deputy President face the restrictions due to their ties with Venezuela's government
10:14, 19 February 2020

Open source

U.S. Department of Treasury imposed sanctions against Rosneft Trading, the Swiss trading company and a branch of Rosneft consortium, and Didier Casimiro, the Deputy President of Rosneft. Radio Liberty reported that on February 19. 

Rosneft Trading acted as a mediator in the sale and transportation of Venezuelan raw oil. The Treasury of the State claimed that Washington is fully determined to prevent "further looting of Venezuela's oil supplies by Maduro's corrupt regime".

According to the White House representative, Donald Trump himself ordered to impose the sanctions.

Related: Implications of the government reshuffle for Russia’s oil and gas sector

According to American officials, experts and representatives of oil industry, the secret agreements between Moscow and Caracas, which foresee production, transportation and sale of oil in other markets turned into an extremely profitable business for Russia; it has been capable of providing its companies with some 120 million dollars of income.

Related: OPEC, Russia discuss oil production cut amid spread of coronavirus

Earlier, President of the U.S. Donald Trump called on his Russian counterpart Vladimir Putin to stop supporting Bashaar al-Assad and the government of Syria. Trump said so during his phone conversation with Turkish President Recep Tayip Erdogan.

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