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Exclusive: India's Nayara supplying fuel to Rosneft in exchange for Venezuelan oil - sources
- By Reuters |
- bigstories
NEW DELHI/MEXICO CITY - India's Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than cash to avoid violating U.S. sanctions, three sources with knowledge of the transactions said. The United States in January prohibited U.S.-dollar transactions for oil sales from Venezuela's PDVSA or its units, a measure intended to cut off cash flows and increase pressure on President Nicolas Maduro, whose 2018 re-election has been dismissed as a sham by Was...
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