The Kremlin believes U.S. sanctions against PDVSA illegal

The Kremlin believes U.S. sanctions against PDVSA illegal

MOSCOW, 29 Jan — RIA Novosti. U.S. sanctions against Venezuela and state oil company PDVSA are examples of unfair competition and an attempt to interfere in the Affairs of the country, said the press Secretary of the President of Russia Dmitry Peskov.


“In General, the legitimate authorities of Venezuela have described the sanctions as illegal. You can completely accede to this point of view,” he added.

Russian interests in the Bolivarian Republic will be protected under international law with the use of “all available mechanisms”, said Peskov.

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Restrictions against PDVSA

Washington announced sanctions against PDVSA before. The United States once again urged all countries to recognize Juan, Guido legitimate interim President of Venezuela.

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The United States blocked all assets and interests of PDVSA in its jurisdiction, and forbade transactions with the company. Damage to Caracas, according to the White house in total amounted to seven billion dollars. Another 11 billion the country would lose the supply of oil.

The Minister of oil of Venezuela and the head of PDVSA Manuel Quevedo described the situation as a robbery. President Nicolas Maduro said that he intends to appeal to the international court. In his opinion, the US wants to “steal” Citgo (the us subsidiary of PDVSA).