Russia’s Rosneft calls U.S. sanctions threat unfair competition

MOSCOW (Reuters) – Russian oil producer Rosneft said on Tuesday that any attempts to curb its income in Venezuela would be illegal and that the United States was using the threat of sanctions as a form of unfair competition.

Rosneft said in a statement that all its oil operations in Venezuela had been agreed before U.S. sanctions were imposed and rhetoric from the U.S. government was aimed at creating tensions on global oil markets.

Reporting by Vladimir Soldatkin; writing by Tom Balmforth; editing by Jason Neely

This post was originally posted on Reuters: World News – View Original Article

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Have lived and invested in Venezuela full time for the last eight years and visited for each of twelve years prior to that. Studied and closely followed developments in Venezuela since 1996.