More Venezuela sanctions expected after Rosneft ban

Venezuela gas station_PA_575x375.jpg
By Mariam Meskin, Oliver West, Ross Lancaster
19 Feb 2020

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.