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Eugene

(61,593 posts)
Tue Feb 18, 2020, 12:05 PM Feb 2020

U.S. blacklists Rosneft unit to choke off funds for Venezuela's Maduro government

Source: Reuters

WORLD NEWS FEBRUARY 18, 2020 / 10:31 AM / UPDATED 14 MINUTES AGO

U.S. blacklists Rosneft unit to choke off funds for Venezuela's Maduro government

Humeyra Pamuk, Daphne Psaledakis
3 MIN READ

WASHINGTON (Reuters) - The United States on Tuesday tightened financial restrictions on Venezuela, blacklisting a subsidiary of Russian oil firm Rosneft that President Donald Trump’s administration has said provides a lifeline to President Nicolas Maduro’s government.

The sanctions announced by the U.S. Treasury Department increase the pressure on Russia, which the United States sees as the main backer of Maduro’s government. The Trump administration has accused the subsidiary, Rosneft Trading SA, 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.

-snip-


Read more: https://www.reuters.com/article/us-venezuela-politics-usa/u-s-blacklists-rosneft-unit-to-choke-off-funds-for-venezuelas-maduro-government-idUSKBN20C209?il=0
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U.S. blacklists Rosneft unit to choke off funds for Venezuela's Maduro government (Original Post) Eugene Feb 2020 OP
And the chances sandensea Feb 2020 #1
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