• News HeadlinesRosneft created a new daughter to replace the US sanctioned

    Rosneft created a new “daughter” to replace the US sanctioned

    US, WASHINGTON (ORDO NEWS) — Rosneft has registered in Switzerland a new trading “daughter” in return for being under US sanctions, Reuters learned. The new company does not plan to conduct operations with Venezuela. Rosneft created a new trading company, Energopol SA, having registered it in Geneva, Reuters reported citing four sources. According to the agency’s interlocutors, the new organization will take over most of the business of the Swiss…

  • News HeadlinesWashington will lift sanctions from the daughter of Rosneft

    US refuses to lift sanctions against Rosneft

    US, WASHINGTON (ORDO NEWS) — The United States cannot lift sanctions from a Rosneft subsidiary, Bloomberg reports citing a senior source. The authorities of the country supposedly do not yet have sufficient information that Rosneft Trading actually stopped working in Venezuela after the sale of its assets. Based on this, they can neither lift the sanctions nor introduce any other restrictions. Moreover, as notesTASS , previously US Special Representative for…

  • News HeadlinesRosneft

    Rosneft ceases operations in Venezuela

    US, WASHINGTON (ORDO NEWS) — The Rosneft oil company announced the cessation of activities in Venezuela and the sale of assets related to its activities in this Latin American country. According to the company’s website, Rosneft concluded an agreement on the sale of shares and termination of its participation in all projects in Venezuela with a company 100% owned by the Russian government. Rosneft, in particular, sells stakes in the…