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Rosneft Sets Up New Trading Unit

Russia’s Rosneft has set up a new trading arm to replace the one that Washington sanctioned earlier this year for the company’s work with the Venezuelan government, unnamed sources in the know have told Reuters. The U.S. administration slapped sanctions on the Russian state oil giant in February as part of its maximum pressure campaign against the Maduro government. “Today we sanctioned Russian-owned oil firm Rosneft Trading S.A., cutting off Maduro’s main lifeline to evade our sanctions on the Venezuelan oil sector. Those…
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