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

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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