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US blacklists Rosneft unit to choke off funds for Venezuela's Maduro government

Last Updated 18 February 2020, 15:46 IST

The Trump administration on Tuesday moved to tighten financial restrictions on Venezuela, blacklisting a subsidiary of Russian oil firm Rosneft, which US officials have said provides a lifeline to President Nicolas Maduro's government.

The sanctions, announced on the US Department of Treasury's website, target Rosneft Trading. The United States also issued a general license allowing companies until May 20 to wind down their transactions with the company, according to a notice on the department's website.

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(Published 18 February 2020, 15:39 IST)

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