Liam Denning, Columnist

Trump Takes a Slow Ride on Venezuela Sanctions

He’s doing just enough to signal opposition to Maduro without roiling markets — for now.

February 19, 2020 at 11:30 AM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

President Donald Trump rides in the presidential limousine in a pace lap ahead of the start of the Daytona 500 Nascar race at Daytona International Speedway in Daytona Beach, Florida, February 16, 2020. — President Donald Trump rides in the presidential limousine in a pace lap ahead of the start of the Daytona 500 Nascar race at Daytona International Speedway in Daytona Beach, Florida, February 16, 2020.
Photographer: SAUL LOEB/AFP/Getty Images

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Nascar legend Dale Earnhardt, who died in an accident at Daytona Beach, Florida, 19 years ago this week, once said “finishing races is important, but racing is more important.”

Which brings us in a roundabout way to U.S. sanctions on Rosneft Oil Co. PJSC.