Russia's largest oil producer, Rosneft , said on Saturday it had terminated operations in Venezuela and sold the assets linked to its operations in the South American nation to an unnamed company owned by the Russian government.
), said on Saturday it had terminated operations in Venezuela and sold the assets linked to its operations in the South American nation to an unnamed company owned by the Russian government.
The U.S. government has ramped up pressure on Venezuelan President Nicolas Maduro’s government, including imposing sanctions on two Swiss-based Rosneft units - Rosneft Trading and TNK Trading International - that Washington said provided PDVSA a lifeline by acting as intermediaries for its crude. “We defended the interests of our shareholders and did it in an effective way,” Leontiyev said. “And to whom the risks go is not an issue for us. The main thing is that the risks are leaving us.”
It was not immediately clear if the apparent pullback would lead to a lifting of sanctions on Rosneft Trading and TNK. The Treasury Department has said it will “consider lifting sanctions for those who take concrete, meaningful, and verifiable actions to support democratic order in Venezuela.” Rosneft said the Venezuelan assets sold include those in the joint ventures of Petromonagas, Petroperija, Boqueron, Petromiranda and Petrovictoria, as well as in oilfield services companies, commercial and trading operations, it said.
“Don’t worry! This is about the transfer of Rosneft’s assets in Venezuela to Russia’s government directly. We will remain together going forward,” he wrote on Twitter. Venezuela’s Maduro retweeted the ambassador’s comment.
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