Russia Rejects US Sanctions Against Rosneft Trading S.A.

The Russian Foreign Ministry expressed that “with these unilateral sanctions the United States seeks to achieve global hegemony.”

The Office of Foreign Assets Control (OFAC) of the United States Treasury Department announced Tuesday sanctions against Russian oil company Rosneft Trading S.A., for trading and transporting Venezuelan oil and against its president of the Board of Drectors Didier Casimiro.

“Our position on sanctions is well known, Russia categorically rejects unilateral restrictions. With them, the United States seeks to achieve global hegemony, and tries to bend the world to its will,” the Russian Foreign Affairs Ministry responded.

Likewise, the statement, issued by the Russian government, called the sanctions an illegal and dirty marketing strategy, “there is a trivial desire to create advantages for American companies that cannot resist fair competition with Russian manufacturers in the international market.”

Rosneft Trading S.A. of Russia handles more than half of the oil coming out of Venezuela. These sanctions go beyond personal sanctions. Anyone doing business with Rosneft can be sanctioned

For its part, the White House notes that the restrictive measures do not apply to Rosneft itself and are not irreversible. “The U.S. is determined to prevent the looting of Venezuela’s oil assets by the corrupt Maduro regime,” they argued.

The head of the Russian oil company in Venezuela Casimiro is accused by OFAC of holding meetings with officials from Petroleos de Venezuela (PDVSA) that in some way are an opportunity to strengthen relations between the two companies.

Also, the U.S. special envoy for Venezuela Elliott Abrams said his government would soon apply more sanctions against Caracas. He said that the U.S. executive is holding talks with Spanish officials and the oil company Repsol so that the Iberian consortium can change its commercial relationship with Venezuela.

Likewise, he recommended India and China, the largest buyers of Venezuelan oil, not to acquire it, and said that “all those involved in transactions with Rosneft could be also subject to sanctions.”

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