U.S. officials say Rosneft Trading S.A. and its president, Didier Casimiro, will be added to a financial blacklist, in a substantial escalation.
The Trump administration announced sanctions Tuesday on a Russian state-controlled brokerage that has helped the Venezuelan government skirt an American oil embargo and enabled President Nicolas Maduro to keep his grip on power in the South American country.
Secretary of State Michael R. Pompeo said Rosneft Trading is the primary broker for the sale and transportation of Venezuelan crude oil.“Rosneft Trading has propped up the dictatorial Maduro, enabling his repression of the Venezuelan people,” he said in announcing the sanctions. The U.S. and about 60 other countries say Maduro’s reelection in 2018 was not legitimate and have recognized opposition leader Juan Guaidó as interim president.
Venezuela managed to ship hundreds of thousands of barrels of oil last year with the help of Rosneft Trading despite sanctions on its petroleum sector imposed by the Trump administration.“Whoever supports the dictator, from whatever part of the world, will bear the consequences,” Guaidó tweeted. “Those who collaborate with democracy will be welcomed.”
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