Contents tagged with Venezuela
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Kremlin takes ownership of all Rosneft’s assets in Venezuela
Russian oil giant Rosneft announced that it is terminating operations in Venezuela and will be selling its assets in that country.
"Today, Rosneft entered into an agreement with a company 100% owned by the Government of the Russian Federation to sell shares and cease its participation in all projects in Venezuela, including shares in Petromonagas, Petroperija, Boqueron, Petromiranda and Petrovictoria, in oil field services and trading operations," Rosneft said in a statement published on its …
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US imposes sanctions on Swiss subsidiary of Russian oil giant Rosneft
The US has imposed sanctions on Rosneft Trading, a Swiss subsidiary of the Russian oil company Rosneft, for trading oil with Venezuela, the US Office of Foreign Assets Control (OFAC) announced on Tuesday.
As of Tuesday, February 18, Rosneft Trading S.A. will be blacklisted by OFAC, and its assets will be frozen. Furthermore, US citizens and legal entities will be banned from concluding any deals with the company itself or any organization of which it owns more than 50%.
Personal sanctions are …
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Venezuela offers to give Russian oil giant Rosneft control over PDVSA
The Venezuelan government is considering handing over complete control of the state-owned oil company Petróleos de Venezuela S.A. (PDVSA) to the Russian oil corporation Rosneft, the Venezuelan newspaper El Nacional reported, citing sources in the country’s energy sector.
According to the news outlet, the Venezuelan government proposed this initiative in exchange for writing off the country’s debt to Russia. Moscow apparently viewed the initiative positively, because it sent several commissions …
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Venezuela pays off Russian debts using rubles instead of dollars
Venezuela has made an interest payment on a $3.15 billion loan from Russia using Russian rubles. “We provide such a right and such an opportunity to all our debtors. It’s their choice,” Russian Deputy Finance Minister Sergey Storchak told RBC. The Russian Finance Ministry had already announced previously that Venezuela had made another tranche to service its debt, but without providing any specifics.
After the US imposed sanctions on the Venezuelan government, it became virtually impossible …
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Russian military experts arrive in Venezuela
A group of Russian military experts arrived in the capital of Venezuela, Caracas, reports Interfax. Military experts flew to Venezuela for planned maintenance and repair of military equipment that was delivered earlier as part of military-technical cooperation of the two countries.
Earlier, Flightradar24 air traffic monitoring service reported that Russian Il-62M aircraft landed in Caracas. According to these reports, Antonov An-124 Ruslan aircraft also arrived in Venezuela. Both planes …
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Putin promises Maduro support and assistance
Russian President Vladimir Putin assured his Venezuelan counterpart Nicolas Maduro of Moscow’s full support in the struggle for power in Venezuela, and promised him continued assistance.
“Russia consistently supports all of Venezuela’s legitimate organs of government, including the institution of the president and parliament,” Putin said during the meeting with Maduro in Moscow, as cited by Deutsche Welle. He also expressed his support for dialog between Maduro and Venezuelan opposition leader …
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Maduro asks Putin for $1 billion to mine gold and diamonds
Venezuelan President Nicolas Maduro, who arrived in Moscow on his fourth official visit in two years, said that he sees opportunities to increase Russian investment in the Venezuelan economy by another $1 billion.
This amount, according to TASS, appears in the supporting materials for Maduro's talks with Russian President Vladimir Putin, which are taking place in the Kremlin.
According to the documents, additional Russian investments can be directed to the development of the mining industry …
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Maduro announces arrival in ‘Russian motherland’
Venezuelan President Nicolas Maduro announced in a tweet on Tuesday that he has arrived in Russia.
“We have arrived in the Russian motherland in order to strengthen our historic and extremely positive relations and the respect between our nations,” he wrote on Twitter, publishing a photograph from the airport.
He said that the fraternal relations that Moscow and Caracas have built over the years “are the fundamental axis for building a flourishing future for Venezuela”.
Previously the …
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Maduro turns to Putin following China’s refusal to buy Venezuelan oil
Venezuelan President Nicolas Maduro plans to make another trip to Russia, announced Kremlin Spokesperson Dmitry Peskov on Friday.
According to Peskov, the visit is currently being planned.
Peskov did not specify when the visit would take place, but he did note that Maduro would not be participating in the Russian Energy Week, which will be held from October 2-5.
The visit will take place “quite soon”, most likely in the first few days of October, three informed sources told the Interfax news …
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Guaido speaks out against the presence of Russian warships in Venezuela
Leader of Venezuela's National Assembly Juan Guaido spoke out against the possible presence of Russian warships in the Venezuelan territorial waters.
"We did not approve the presence of Russian warships in the country, as it would be a serious violation of the country's sovereignty," said the leader of the opposition on the Union Radio.
Guaido also believes that the current Venezuelan government is trying to demonstrate that it has international support by inviting foreign warships to the …