RIO DE JANEIRO, BRAZIL - The US government has imposed further sanctions on the Venezuelan oil industry, aimed at preventing economic cooperation with the Geneva-based Rosneft Trading SA. A subsidiary of the Rosneft Russian oil company is to cease operations in Venezuela within the next three months. In case of non-compliance, both the company and its CEO, Didier Casimiro, would be sanctioned.
This is the latest escalation of efforts to overthrow Venezuelan President Nicolás Maduro through economic pressure. Since the self-proclamation of opposition politician Juan Guaidó as "interim president" in January 2019 and his recognition by the . . .