US announces sanctions on Russian oil firm for supporting Venezuela's Maduro

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US announces sanctions on Russian oil firm for supporting Venezuela's Maduro
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The Trump administration announces sanctions against a Russian oil firm accused of supporting the regime of embattled Venezuelan leader Nicolás Maduro

A senior administration official said that the designation of Rosneft Trading S.A., a subsidiary of the Russia's Rosneft Oil Company, was"another major step forward toward achieving maximum pressure."The sanctions also target Rosneft's chairman and president, Didier Casimiro, whom an official described as"the main European intermediary to help [Venezuelan President Nicolás] Maduro skirt sanctions.

Those who support democracy will be welcome"An official noted that the US is currently"50-60%" into its maximum pressure campaign, later adding,"We hope to never have to get to 100% maximum pressure." Moving forward, officials reiterated that"all options" remain on the table.More than a year after the US recognized Guaido as the interim president of Venezuela, its campaign of targeted sanctions has yet to yield the desired result.

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