More Venezuela sanctions expected after Rosneft ban
The US Treasury slapped sanctions on a Rosneft subsidiary on Tuesday for brokering sales of Venezuelan crude oil that supported president Nicolás Maduro’s government. Some expect this to be the first of similar actions, in the run up to the US presidential election.
The sanctions target Rosneft Trading, a brokerage subsidiary of Rosneft, rather than the whole company. While the company’s shares dropped on the announcement, they were up on Wednesday. An immediate drop in the rouble had also reversed within 24 hours.“I don’t think this truly impacts Rosneft’s ability ...
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