Deals
Rosneft Sells Venezuelan Assets as Fight With U.S. Grows
- Rosneft sells assets to company owned by Russian government
- Move is to protect shareholders’ interests: spokesman
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Russian oil giant Rosneft PJSC sold its assets in Venezuela to the Russian government, in what may be a maneuver to avoid any U.S. sanctions in an escalating fight between Caracas, Washington and Moscow.
Rosneft is selling local production, service and trading assets to a state-owned company, it said in a statement. The move is to protect shareholders’ interests, according to company spokesman Mikhail Leontyev.