March 2, 2020 / 10:54 AM / a month ago

Shipper of Rosneft's Venezuelan oil says it is ending the activities

LONDON, March 2 (Reuters) - Mercantile & Maritime said Monday it would terminate its shipments of Venezuelan oil for Rosneft after the United States imposed sanctions on the Russian oil firm’s Swiss trading unit.

Washington imposed sanctions in February on Rosneft’s Geneva-based unit Rosneft Trading (RTSA), accusing it of providing a financial lifeline to Venezuelan President Nicolas Maduro’s government. (Reporting by Dmitry Zhdannikov; Editing by Edmund Blair)

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