OFAC UPDATED VENEZUELA SANCTIONS FAQ, GENERAL LICENSE AND UPDATES SANCTIONS LIST WITH SWISS-RUSSIAN COMPANY

On 18 February, OFAC announced a set of changes to its Venezuela sanctions regime.  It adds 1 individual, Didier Casimiro, and 1 entity, Rosneft Trading SA of Switzerland.  The Swiss-incorporated, Russian-controlled oil brokerage firm is designated for operating in the oil sector of the Venezuelan economy.  Didier Casimiro, is designated for purporting to act for or on behalf of, directly or indirectly, Rosneft Trading SA.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200218.aspx

https://home.treasury.gov/news/press-releases/sm909

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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