Just one day after the United States slapped sanctions on Rosneft’s subsidiary Rosneft Trading, oil trader Trafigura has announced that it will disentangle itself from the sanctioned company by mid-May to avoid running afoul of US sanctions itself, the company told TASS on Wednesday. “Trafigura is aware of the addition by the US authorities of certain Rosneft entities to the Venezuela related designations and the associated general license. Trafigura complies with all applicable sanctions and will comply with the requirements of these latest rules within the wind-down timeline that has been set by the general license,” a Trafigura spokesman said. Trafigura is unlikely to be the only company leery of doing business with Rosneft Trading, and more pain may be in store for the company that stands accused of allowing Venezuela’s oil trade continue despite the United States’ ongoing maximum pressure campaign designed to force Nicolas Maduro to step […]