Thursday, 09 April 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
US Sanctions Russian Oil Trading Firm for Role in Venezuela
Wednesday, 19 February 2020 18:29 WIB | GLOBAL |Global

The Trump administration announced sanctions Tuesday on a Russian state-controlled brokerage that has helped the Venezuelan government skirt an American oil embargo and enabled President Nicolas Maduro keep his grip on power in the South American country.

Administration officials said Rosneft Trading S.A. and its president, Didier Casimiro, would be added to a financial blacklist in a move that is expected to largely freeze him and the company out of the global financial system.

The action is an unusually strong move against a company linked to the Russian state and amounts to a substantial escalation of a U.S.-led campaign that has failed to oust Maduro from power.

Secretary of State Mike Pompeo said Rosneft Trading is the primary broker for the sale and transportation of Venezuelan crude oil.

"Rosneft Trading has propped up the dictatorial Maduro, enabling his repression of the Venezuelan people," he said in announcing the sanctions.

Rosneft Trading is incorporated in Switzerland and Russian-owned, according to the State Department. The parent company did not immediately respond to a request for comment.

But Russian lawmaker Pavel Zavalny said the country would continue to cooperate with Venezuela in the energy sector despite the U.S. sanctions. "One doesn't abandon friends in need," Zavalny said.

The U.S. and about 60 other countries say Maduro's reelection in 2018 was not legitimate and have recognized opposition leader Juan Guaido as interim president.

Source : VOA

RELATED NEWS
Rebuilding of Paris' Notre Dame Stalled as Pandemic Rages...
Thursday, 9 April 2020 11:10 WIB

A year after a fire that shocked the world and destroyed the roof of Paris' ancient cathedral of Notre Dame, France is marking the first anniversary amid the coronavirus pandemic. Workers who were rem...

Trump Threatens to Cut WHO Funding...
Wednesday, 8 April 2020 23:49 WIB

The United States is "going to put a very powerful hold on money it sends to the World Health Organization, President Donald Trump said on Tuesday, blaming the United Nations humanitarian entity of...

Italy Announces Additional Economic Aid Package...
Wednesday, 8 April 2020 16:53 WIB

Italian Prime Minister Giuseppe Conte has announced a $434 billion package of additional economic aid for Italian companies of all sizes struggling in the wake of the coronavirus crisis that has hit I...

Saudi Arabia Says It Could Reach 200,000 Coronavirus Infections...
Wednesday, 8 April 2020 10:58 WIB

The new coronavirus could eventually infect between 10,000 and 200,000 people in Saudi Arabia, the kingdom's health minister said on Tuesday, urging the public to adhere more closely to state directiv...

China Reports No New Coronavirus Deaths for First Time Since January...
Tuesday, 7 April 2020 23:58 WIB

Chinese health officials reported no new deaths from the novel coronavirus outbreak over the last 24 hours, the first such report since January. The National Health Commission said Tuesday that it on...

LATEST NEWS
European markets open higher ahead of US jobless claims data

European markets opened higher Thursday as market participants start to hope that the coronavirus pandemic is reaching a peak, but the latest U.S. unemployment claims data could hit sentiment. The pan-European Stoxx 600 climbed 1.1% in early...

Tokyo's Nikkei edges down as virus fears offset stimulus hope

Tokyo's benchmark Nikkei index closed marginally lower on Thursday, as expectations for the impact of a massive Japanese economic package were offset by worries over the ongoing coronavirus pandemic. The Nikkei 225 index lost 0.04 percent, or 7.47...

Oil prices rise on optimism OPEC+ meeting will result in supply cut

Oil prices rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand. Brent crude (LCOc1) futures...

POPULAR NEWS
Gold Futures Finish Lower after Brief Climb Above $1,700
Wednesday, 8 April 2020 01:40 WIB

Gold futures finished lower on Tuesday, easing back after briefly climbing above $1,700 an ounce for the first time since late 2012. There was a...

Gold Futures Settle at a More Than 7-Year High
Tuesday, 7 April 2020 00:56 WIB

Gold futures climbed on Monday to settle at their highest in more than seven years. "Fiscal and monetary stimulus will provide a nice backdrop for...

Gold Prices Settle Slightly Higher, Then See Volatile Trade after Fed Meeting Minutes
Thursday, 9 April 2020 01:48 WIB

Gold prices settled with a modest gain on Wednesday, then saw volatile moves in electronic trading, edging lower, then higher, following the release...

Gold eases on firmer dollar, coronavirus slowdown signs
Wednesday, 8 April 2020 09:16 WIB

Gold prices eased on Wednesday as the U.S. dollar firmed, while signs of a slowdown in the new coronavirus cases in major hot spots hurt the metal's...