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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