A pandemic and a seismic shift in global oil markets have shaken the country, posing a severe new test for the president just as he seemed to be tightening his hold on power.
Tag: Rosneft
Russian State Oil Company Rosneft, in Sudden Move, Sells Assets in Venezuela
The U.S. had imposed sanctions on two Rosneft oil trading subsidiaries this year for helping Venezuela’s authoritarian president, Nicolás Maduro.
Behind the Russia-Saudi Breakup, Calculations and Miscalculations
It was a marriage of convenience based on oil. When it came apart, it sent the markets reeling.
U.S. Imposes Sanctions on Russian Oil Company Supporting Venezuela’s Leader
The penalties seek to pressure President Nicolás Maduro of Venezuela to give up power, nearly two years after he was re-elected in a widely disputed vote.
To Survive, Venezuela’s Leader Gives Up Decades of Control Over Oil
Faced with a severe economic crisis, the country’s leader, Nicolás Maduro, is letting foreign firms take over daily operations of its oil fields. It’s a break with core tenets of his socialist revolution.
Trump Gives Venezuela’s Guaidó the Embrace He Wanted
A guest appearance at the State of the Union and meeting at the White House put to rest talk that President Trump had lost patience with Juan Guaidó’s campaign to oust Nicolás Maduro.
Venezuela’s Collapse Frays Its Economic Ties With Russia
Russia has been a bulwark of support for Venezuela. But as that country’s economy crumbles, Russian state-owned businesses are pulling back to protect their bottom line.
Why Is Russia Helping Venezuela?
The Kremlin faces a stark choice in Venezuela: to double down on its ally or be among those who choose his successor. Economic considerations may be paramount.
U.S. Sanctions Are Aimed at Venezuela’s Oil. Its Citizens May Suffer First.
Venezuela’s oil company has found ways to weather sanctions aimed at ousting President Nicolás Maduro. How ordinary people will survive them is a different question.