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Monday, March 30, 2020

unnamed state-owned company



Sechin gets Rosneft shares and Putin gets the chance to trade with Trump,” said Konstantin Simonov, head of the National Energy Security Fund in Moscow.

https://www.bloomberg.com/news/articles/2020-03-30/kremlin-fights-u-s-sanctions-backs-maduro-in-rosneft-deal


"The administration of President Donald Trump has already reached out to Saudi leaders to reconsider their strategy, which has battered producers in the U.S. with low prices. 

Trump said Monday he plans to speak by phone with Putin later in the day to talk about the oil market and may discuss sanctions and Venezuela.

Rosneft late Saturday announced it’s turning over its Venezuelan projects to an unnamed state-owned company in what it called an effort to protect its shareholders’ interests."

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"Rosneft spokesman Mikhail Leontiyev told Reuters the decision to terminate operations in Venezuela was meant to protect the company’s shareholders.


“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.

https://www.reuters.com/article/us-russia-rosneft-venezuela/rosneft-sells-venezuelan-assets-to-russia-after-u-s-sanctions-ramp-up-idUSKBN21F0W2


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