Tag Archives: Venezuela

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is engaged in an “active deliberation” of the Russian oil company Rosneft’s decision to sell its assets in Venezuela, OFAC Director Andrea Gacki said on Friday. “These reports on Rosneft’s acquisition or deal with PDVSA as well as …

Chairman of the Russian Peace Foundation Leonid Slutsky has called on the US, UK and the European Union (EU) to leave policy on unilateral sanctions as the bans have created obstacles to dispatch medical aid to Venezuela and Iran which is fighting the deadly coronavirus. Slutsky made the remarks in …

Venezuelan President Nicolas Maduro said he was optimistic about the upcoming OPEC+ meeting, at which solutions could be found to stabilise the oil market. On Thursday, an OPEC+ video conference will be held on the possibility of a new cut in oil production to stabilise the market, to be followed …

A company owned by the Russian government has acquired Rosneft’s assets in Venezuela, the cabinet’s press office told TASS on Saturday. “The government of the Russian Federation has acquired assets in Venezuela from Rosneft. A company 100% owned by the Russian Federation has become the owner,” the press service said. …

The Trump administration recently imposed sanctions on a subsidiary of Russia’s Rosneft.

U.S. sanctions on Rosneft Trading SA threaten Venezuela’s ability to export oil. but pose only a limited threat to the Russian energy giant’s wider business.

Venezuelan President has proposed giving majority shares and control of its oil industry to big international corporations. a move that would forsake decades of state monopoly.

Maduro has characterized the situation in the country as an attempted coup prompted by the United States.

Russia is waiting for Venezuela’s opposition leader to leave office before despatching economic advisers to help its ally.

Maduro announced the launch of the national petro cryptocurrency in October 2017.