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Feb 18, 2020 · Washington – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated Rosneft Trading S.A., the Swiss-incorporated, Russian-controlled oil brokerage firm pursuant to Executive Order (E.O.) 13850, as amended, for operating in the oil sector of the Venezuelan economy.
Jun 4, 2020 · MOSCOW (Reuters) - Russia's Rosneft , which closed its oil trading arm after sanctions were imposed by U.S. authorities in February, has set up a new Geneva-based trading business, four...
As Rosneft Oil Company, Rosneft Trading S.A., and TNK Trading International S.A. have been listed on the SSI List since July 2014, July 2015, and March 2020 respectively, they are subject to Ukraine-/Russia-related Directives 2 and 4.
Feb 18, 2020 · February 18, 2020. On February 18, the United States took action to halt the former Maduro regime’s theft of Venezuela’s assets and continued usurpation of democracy by sanctioning Rosneft Trading S.A., a Swiss-incorporated, Russian-owned oil brokerage firm, for operating in Venezuela’s oil sector.
- Key Points
- Background and Summary of Designations
- Implications
- Additional Considerations
- Contact Information
On February 18, 2020, OFAC designated Rosneft Trading, S.A. (Rosneft Trading), a subsidiary of Russia-based Open Joint-Stock Company Rosneft Oil Company (Rosneft Oil Company), and its president, Di...As a result of this action, U.S. persons are generally prohibited from doing business with Rosneft Trading, Didier Casimiro, and entities they own 50 percent or more, absent OFAC authorization. The...OFAC has also issued General License 36, which authorizes U.S. persons to engage in otherwise prohibited activities in order to wind-down transactions involving Rosneft Trading and entities that it...Non-U.S. persons could be subject to sanctions if OFAC determines that they provide material assistance, goods or services to Rosneft Trading and/or Casimiro. OFAC states in an FAQ that non-U.S. pe...On February 18, 2020, the U.S. Department of the Treasury, OFAC designated Rosneft Trading, a Swiss-incorporated subsidiary of Rosneft Oil Company, and its president, Didier Casimiro, as SDNs for engaging in activities deemed sanctionable under Executive Order 13850—specifically, operating in the oil sector of the Venezuelan economy, and in Casimir...
As a result of the above designations, U.S. persons are generally prohibited from engaging in transactions or business with Rosneft Trading, Didier Casimiro and entities owned 50 percent or more by them, absent OFAC authorization. Additionally, U.S. persons that come into the possession or control of property or assets of these sanctioned persons a...
While OFAC’s blocking action against Rosneft Trading does not apply to Rosneft Trading’s ultimate parent company, Rosneft Oil Company, entities owned 50 percent or more by Rosneft Oil Company remain subject to Directives 2 and 4 sanctions restrictions under the URSR, as described above. Furthermore, U.S. persons are generally prohibited from engagi...
If you have any questions concerning this alert, please contact: 1In December 2019, a federal district court in Texas vacated OFAC’s civil penalty issued against ExxonMobil on due process grounds, but this ruling did not affect the applicability of OFAC’s post-penalty guidance, including FAQ #398.
Rosneft supports fish studies in the Yenisey Gulf of the Kara Sea. The research looked at fish species diversity, population dynamics, habitats and factors affecting them. 08 April 2024 г. Rosneft supported Crow’s Day, national holiday of the indigenous peoples of the North, in Tyumen. The indigenous people of Tyumen Oblast celebrated the ...
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Mar 12, 2020 · TTI, incorporated in Switzerland, is a subsidiary of Russian state-controlled Rosneft Oil Company. Following the February 18, 2020 Treasury designation of Rosneft Trading S.A. (RTSA), cargoes of Venezuelan oil allocated to RTSA were changed to TTI in order to evade U.S. sanctions.
