Rosneft sells Venezuelan assets after increase in US sanctions

Rosneft has announced that it has terminated operations in Venezuela and passed its assets held in Venezuela to an unnamed Russian state-owned company. This follows a recent tightening of sanctions on Venezuela, and sanctions imposed on 2 Rosneft subsidiaries in February and March 2020, respectively, for operating in the oil sector of the Venezuelan economy (see post and post). The …

RussiaRussia VenezuelaVenezuela United StatesUnited States

About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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