February 18, 2020 / 10:31 PM / 2 months ago

PDVSA slams U.S. sanctions on Rosneft over Venezuela activity

FILE PHOTO: The Petroleos de Venezuela, S. A. (PDVSA) logo is seen at their headquarters in La Paz, Bolivia, January 9, 2020. Picture taken January 9, 2020. REUTERS/David Mercado

CARACAS (Reuters) - Venezuela’s state oil company PDVSA said on Tuesday it rejected U.S. sanctions on Russian state oil company Rosneft over its continued trading of oil from the South American country.

Washington on Tuesday blacklisted Rosneft subsidiary Rosneft Trading SA, a Geneva-based trading unit, to target Moscow’s support of Venezuela’s socialist President Nicolas Maduro, whom the Trump administration is seeking to oust.

PDVSA in a statement said Rosneft’s investments and commercial activities in Venezuela were legal, and said it would provide the necessary support for Rosneft’s “operational and commercial continuity.”

Reporting by Luc Cohen; Editing by Chizu Nomiyama

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