geopolitics-00162
PDVSA oil tank (Photo Credit: OilPrice.com)

Russia’s Rosneft stops operations in Venezuela, sells assets related to functioning in that country.

A company owned by Russia has acquired Rosneft’s assets in Venezuela, the cabinet’s press office told TASS on Saturday.

“The government of the Russian Federation has acquired assets in Venezuela from Rosneft. A company 100% owned by the Russian Federation has become the owner,” the press service said.

Source: TASS, March 28, 2020