PDVSA Says Sanctions Against Rosneft Trading Are US Attempt to Control Global Oil Market


“The US unilateral sanctions policy is directed against companies that are competitive on the global market, such as Rosneft, in order to influence prices, control or eliminate major players and, as a result, have control over the global oil market”, PDVSA said in a statement.

According to PDVSA, Rosneft was engaged in commercial activities and made investments in Venezuela legally.

Rosneft has slammed Washington’s sanctions on its trading subsidiary as illegal and groundless, while also pledging to look into ways to protect itself judicially after studying the released documents of the US Department of the Treasury related to the restrictions.

On Tuesday, the United States announced sanctions against Swiss-based Rosneft Trading S.A. and its head, Didier Casimiro, accusing the Rosneft oil brokerage subsidiary of handling over 70 percent of Venezuela’s exports in circumvention of US sanctions. The US also gave the companies doing business with Rosneft Trading 90 days to disentangle the arrangements.

Sputnik / Maksim Blinov

Sputnik News

South Africa Today – World News – Latin America

Disclaimer: The views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today. By viewing, visiting, using, or interacting with SouthAfricaToday.net, you are agreeing to all the provisions of the Terms of Use Policy and the Privacy Policy.