US imposes more sanctions on Rosneft

RUSSIA / FSU POLITICS - In Brief 15 Mar 2020 by Alex Teddy
On March 12 the US Treasury announced sanctions on a department of Rosneft. The US claims that Rosneft is helping Venezuela evade sanctions. TNK Trading International is the Swiss-based entity that is being sanctioned. Any assets it owns in the US or that are controlled by US citizens are now frozen. This will largely prevent the company from buying or selling anything. TNK Trading International is said to be a subsidiary of Rosneft. Rosneft Trading was already sanctioned by February 18.

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