The US imposed sanctions on Rosneft Trading SA, the Geneva-based subsidiary of the Russian state oil company, on Tuesday for supporting Venezuela’s oil sector by continuing to trade with sanctions-hit PDVSA, concealing shipments and handling more than half of the country’s oil exports, senior US administration officials said during a briefing. Receive daily email alerts, subscriber notes & personalize your experience. Register Now While the action could have a significant impact on global oil flows, the State Department said it was “confident that energy markets will remain stable.” “Global oil markets are adequately supplied,” a senior administration official said. “So while we think this is a serious action, global […]