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Thursday, June 8, 2017

Venezuela Is Doing Business With Blacklisted Russian Companies And Congress Is Worried

Venezuela’s embattled government, increasingly alienated from its Latin American neighbors, has been doing business with US-blacklisted Russian companies, allowing Moscow to shore up its influence in the Western Hemisphere and raising bipartisan concern in Congress. State oil company Rosneft, Gazprombank, the third-largest bank in Russia, and the military manufacturer Rostec were added to the US Treasury’s Office of Foreign Assets Control sanctions list in 2014 in response to Moscow’s support for rebels in Ukraine and annexation of Crimea. Since then, Russia and Venezuela, two of the US’ main adversaries, have grown closer as the two have looked for ways to pull themselves out of the economic doldrums. More…

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