/ world as we speak information/ The USA has allowed “Rosneft” to make use of pay as you go oil from Venezuela in Indian refineries, the corporate’s high supervisor introduced.
“Using Venezuelan oil was allowed as a result of the provides we had been making to a plant in India got here from Rosneft’s pay as you go contracts, and that is why the State Division gave permission for it,” mentioned Didier Casimiro, vp of Rosneft.
Earlier, Reuters mentioned that the Venezuelan state oil firm PDVSA was utilizing Rosneft to bypass US sanctions.
PDVSA is alleged to switch its invoices from the sale of oil to Rosneft, and the Russian firm instantly transfers cash in response. Indian power firm Reliance Industries is alleged to be concerned within the scheme.
On the finish of January, the US imposed sanctions on PDVSA, freezing its accounts for 7 billion {dollars}. Amid dwindling provides to america, Venezuela has elevated its oil exports to India and the European Union.
Translation: V.Sergeev
#exempts #Rosneft #Venezuelan #sanctions
