Rosneft Trading S.A – Summaries of news and views OnVenezuela

US Struggles to Break Ties between Russia, Venezuela

See Post — Thu, 27 Feb 2020 13:26:00 +0000

Nephew said by not dealing with Rosneft itself, and only going after one of its many parts, the effect on Russia’s continued support for Maduro will likely be limited. “This seems more like a warning shot designed to look bigger than it actually is,” he noted. “It’s shooting someone who is Russian sounding without really punishing the Russians themselves.” By Dorothy Gundy and Pete Musto. Full text -> VOA

Sanctions-Free Rosneft Affiliate Boosting Venezuelan Oil Exports

See Post — Mon, 24 Feb 2020 11:06:00 +0000

Rosneft Trading SA, the top buyer of Venezuelan crude last year, was sanctioned on Feb. 18 for helping sell the commodity that bankrolls the regime of President Nicolas Maduro. Now, another company affiliated with Moscow-based oil giant Rosneft PJSC that isn’t sanctioned — and thus can trade freely — is ramping up shipments from Venezuela.ByLucia Kassai and Peter Millard. Full text _> Bloomberg

Rosneft faces logistics headache over sanctioned Swiss oil trader

See Post — Mon, 24 Feb 2020 05:15:08 +0000

Russian oil major Rosneft is facing a logistical headache as several customers have demanded it immediately remove its Swiss trading division, sanctioned by the United States this week, from all supply chains, according to five trading sources.By Reuters. Full text -> Hellenic Shipping News

US Sanctions on Venezuela Oil Industry Risk Backfiring, Threatening Global Conflict – Analysts

See Post — Sat, 22 Feb 2020 14:27:35 +0000

Historian and political analyst Steve Ellner, associate managing editor of Latin American Perspectives, warned that this conception risks driving the United States into a catastrophic full-scale war with both Moscow and Beijing. Full text -> Sputnik News

Treasury Targets Russian Oil Brokerage Firm for Supporting Illegitimate Maduro Regime

See Post — Fri, 21 Feb 2020 05:05:00 +0000

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated Rosneft Trading S.A., the Swiss-incorporated, Russian-controlled oil brokerage firm pursuant to Executive Order (E.O.) 13850, as amended, for operating in the oil sector of the Venezuelan economy. OFAC also designated the chairman of the board of directors and president of Rosneft Trading S.A., Didier Casimiro, for purporting to act for or on behalf of, directly or indirectly, Rosneft Trading S.A. Full text -> State Department GPA