US imposes new Venezuela-related sanctions on oil company

US imposes new Venezuela-related sanctions on oil company
# 12 March 2020 21:59 (UTC +04:00)

The US Treasury has once again expanded its list related to Washington's sanctions against Venezuela by adding TNK Trading International S.A, APA reports citing Sputnik.

According to the official statement, the sanctions are in response to the company's alleged operations in Venezuela's oil sector in violation of embargo measures imposed by the White House on the country's economy. 

In the official statement, the Treasury stressed that TNK Trading International is a subsidiary of the Russian state oil giant Rosneft.

"TNK Trading International S.A. is another Rosneft subsidiary brokering the sale and transport of Venezuelan crude oil, which is subject to sanctions", US Treasury Secretary Steven Mnuchin said, adding that the Trump administration remains committed to targeting companies supporting Venezuela’s oil industry.

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