Russia ‘s largest oil producer Rosneft has discontinued all operations in Venezuela after reporting a net loss of $2Bn for the first quarter of 2020. Rosneft announced the sale of its Venezuelan assets to a company 100-percent owned by the Russian government. Earlier this year, the US slapped sanctions on Rosneft ‘s swiss-based trading arm as part of its attempts to cut off all revenue streams to Nicolas Maduro’s government in Caracas.
Long Rosneft, Long Rub FX as crude price increases? Discuss
Mexico economy boost by auto industry🚗.
Nigerian Banks under pressure.