The U.S. Government Expands Its Sanctions on Venezuela and Russia

On February 18, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctioned Rosneft Trading S.A., a subsidiary of the Russian energy company Rosneft, for brokering the sale and transport of Venezuelan crude oil to West Africa and Asia. OFAC also sanctioned the president of Rosneft Trading S.A., for purporting to act for or on behalf of this entity.