Max Hess on how Rosneft is not really leaving Venezuela
Maximilian Hess on how Rosneft’s partnerships help it avoid sanctions, and the Russian energy giant may turn to Delhi to do so in Venezuela
How a group of Monroe Doctrine enthusiasts found themselves negotiating with the Kremlin in America’s own perceived ‘backyard’
Anton Imennov and Sergey Glandin consider the ties between the Venezuelan oil company PdVSA and Russia’s GazpromBank; ties which have become enmeshed in the sanctions web
Russia’s strategy in Venezuela offered high rewards, but even higher risks remain
As Russian oil companies plan further cooperation across the Middle East, the political and financial costs of engagement will likely increase.
The Venezuelan government, according to Rosneft, is repaying its multi-billion-dollar loans on time. That is a misleading claim at best. But those loans are more about their geopolitical impact than their financial viability
The firm’s proximity to the Russian state is a mixed blessing internationally, particularly in a context of sanctions, but has allowed for a dominant market position in Russia itself