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Feb. 18, 2020, 10:50 a.m. EST

Rosneft sanctioned by Treasury for supporting Maduro regime

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By Robert Schroeder

The Trump administration on Tuesday announced sanctions on Rosneft Trading S.A., a unit of Rosneft Oil Co. over operating in Venezuela's oil sector. Treasury Secretary Steven Mnuchin said Rosneft Trading and its president brokered the sale and transport of Venezuelan crude oil, aiding the regime of Venezuelan President Nicolas Maduro. The Trump administration considers Maduro illegitimate. The sanctions freeze any U.S.-based assets of both Rosneft Trading and its president, Didier Casimiro.

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