United States: U.S. blacklists second unit of Russia’s Rosneft over Venezuela oil

The United States on Thursday imposed sanctions on another subsidiary of Rosneft, ramping up pressure on the Russian state oil giant that the Trump administration has said provides a financial lifeline to Venezuelan President Nicolas Maduro.

The U.S. Treasury Department blacklisted TNK Trading International, a Swiss-based unit of Rosneft. Washington last month slapped sanctions on Rosneft Trading SA, another subsidiary of Rosneft, over accusations it had actively evaded U.S. sanctions and propped up the Venezuelan oil sector.

“TNK Trading International S.A. is another Rosneft subsidiary brokering the sale and transport of Venezuelan crude oil,” Treasury Secretary Steven Mnuchin said in a statement. “The Trump administration remains committed to targeting those who support the corrupt regime’s exploitation of Venezuela’s oil assets.”

The full original article can be found at reuters.com

(Photo: AFP)

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