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Russian oil brokerage targeted for support of Maduro regime

The Treasury Department has announced that OFAC has designated Rosneft Trading S.A., the Swiss-incorporated, Russian-controlled oil brokerage firm under the authority of Executive Order (E.O.) 13850, as amended, for operating in the oil sector of the Venezuelan economy. OFAC 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, Rosneft Trading S.A.

OFAC also issued a general license authorizing certain transactions and activities that are ordinarily incident and necessary to the wind down of transactions involving Rosneft Trading S.A.

For identification of the designated individual and entity, and information on the general license, see BankersOnline's OFAC Update.

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