The Bolivarian Government of Venezuela firmly rejects unilateral and illegal US coercive measures against the Rosneft Trading company. All these arbitrary actions are evidence of the commission of crimes against humanity against the Venezuelan people, said Jorge Arreaza.
Today we sanctioned Russian-owned oil firm Rosneft Trading S.A., cutting off Maduro’s main lifeline to evade our sanctions on the Venezuelan oil sector. Those who prop up the corrupt regime and enable its repression of the Venezuelan people will be held accountable.
— Secretary Pompeo (@SecPompeo) February 18, 2020
The unilateral coercive measures of the US against Rosneft Trading, are directed against our oil industry, its workers and the Venezuelan economy. They continue to attack the people of Venezuela, trying to generate suffering and difficulties.
These arbitrary measures against Russian company Rosneft Trading, violate the right to free trade and free enterprise. We will add these unilateral actions to the criminal complaint that we have introduced against US officials before the International Criminal Court.
The Prosecutor of the International Criminal Court must identify not only those responsible for issuing these perverse measures in Washington, but also those indolent confesses who request them and hold them in Venezuela. The Venezuelan Justice will do its own.
The Trump administration on Tuesday announced new sanctions on a subsidiary of Russian oil company Rosneft for helping Venezuela evade sanctions on oil exports meant to squeeze the “Maduro regime”.
The sanctions, which target the oil giant’s Switzerland-based brokerage firm, are the latest Trump administration effort to pressure Venezuelan President Nicholás Maduro by choking off the flow of money to Venezuela.
The penalties will freeze assets of Rosneft Trading S.A. within the U.S. and punish global partners of Rosneft, which is run by Igor Sechin, a close ally of Russian President Vladmir Putin. They also name Didier Casimiro, the firm’s president and chairman of its board of directors. The new sanctions will include a 90-day wind-down period for companies involved with Rosneft to disentangle their interests with the company.
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.”