KONTAN.CO.ID - WASHINGTON. The United States on Tuesday tightened financial restrictions on Venezuela, blacklisting a subsidiary of Russian oil firm Rosneft that President Donald Trump's administration has said provides a lifeline to President Nicolas Maduro's government.
The sanctions announced by the U.S. Treasury Department increase the pressure on Russia, which the United States sees as the main backer of Maduro's government. The Trump administration has accused the subsidiary, Rosneft Trading SA, of propping up the Venezuelan oil sector and actively evading American sanctions.
The United States also issued a general license allowing companies 90 days to wind down their transactions with the company, according to a notice on the Treasury Department's website.