Tanker Owner, Mercantile & Maritime, reported that it will halt its shipments of Venezuelan oil for Rosneft, following the United States’ sanctions against the Russian oil giant’s Geneva-based trading arm Rosneft Trading S.A.
The US sanctioned Rosneft on February 18 supporting that for operating in the oil sector of the Venezuelan economy, while also designated the chairman of the board of directors and president of Rosneft Trading S.A., Didier Casimiro, for purporting to act for or on behalf of, directly or indirectly.
The company issued a statement according to which
Following an extensive review of our live arrangements, we can confirm that any activities impacted by the recent U.S sanctions will be terminated in accordance with the specified timeline.
Moreover, the company noted that they operate in full compliance with all international trade laws and maritime regulations.
The blacklisting comes on the back of the U.S. imposed sanctions on PdVSA as part of the pressure on the government of Venezuelan president Nicolás Maduro.
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