August 8, 2024

Sanctions-Free Rosneft Affiliate Boosting Venezuelan Oil Exports

Courtesy of Marine Insight

Rosneft Trading SA, the top buyer of Venezuelan crude last year, was sanctioned on Feb. 18 for helping sell the commodity that bankrolls the regime of President Nicolas Maduro. Now, another company affiliated with Moscow-based oil giant Rosneft PJSC that isn’t sanctioned — and thus can trade freely — is ramping up shipments from Venezuela.ByLucia Kassai and Peter Millard. Full text _> Bloomberg

Translation/ Traducción