Rosneft Cancels Venezuela Oil Cargoes On Fresh Sanctions

Rosneft Cancels Venezuela Oil Cargoes On Fresh Sanctions

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Russia’s Rosneft has canceled VLCC cargoes scheduled to carry 5.7 million barrels of Venezuelan oil because of U.S. sanctions, Reuters reports, citing data from PdVSA, and shipping data from Refinitiv Eikon. The cargoes, according to the data, would have been delivered to Asia. Earlier this year, Washington announced sanctions on Rosneft’s Swiss-based trading arm as part of its attempts to cut off all revenue streams to the Maduro government in Caracas. The U.S. has signaled it is ready to continue to tighten the noose…

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