Categories: Business

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

BUENOS AIRES (Sputnik) – Venezuelan oil and gas company PDVSA has condemned US sanctions against Rosneft subsidiary Rosneft Trading SA, calling them an attempt by the US government to take control of the global oil market.

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 of protecting itself judicially after studying documents released by 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.

Sourse: sputniknews.com

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

0.00 (0%) 0 votes

admin

Recent Posts

Opposition Alliance Says Military Takeover of Guinea Not a Coup

MOSCOW (Sputnik) - The Coalition for the Restoration of Democracy (CORED), which unites 18 opposition parties in Guinea, said on…

3 years ago

The Little Rover That Could: Perseverance Successfully Stores Rock Sample Bound for Earth

The news of an interplanetary scale comes after NASA believed it had captured its first sample with Perseverance last month,…

3 years ago

Specialists Weld Last Pipe of Nord Stream 2 Strings

MOSCOW (Sputnik) - The last pipe of the second string of Nord Stream 2 has been welded, and after a…

3 years ago

UK Government Condemns Guinea Coup, Demands Release of President Conde

LONDON (Sputnik) – The UK government on Monday condemned the military coup against the president of Guinea, Alpha Conde, and…

3 years ago