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U.S. questions Russia's right to sell stake in Rosneft

Staff Writer | December 9, 2016
The U.S. government is to check if sanctions where violated when Russia this week struck a deal to sell a stake in oil producer Rosneft.
Rosneft
Acquisition   The deal is not directly affected by sanctions
"The experts at the Department of Treasury that are responsible for constructing and enforcing the sanctions regime will carefully look at a transaction like this," White House press secretary Josh Earnest said.

"They'll look at the terms of the deal and evaluate what impact sanctions would have on it," he told a briefing in Washington.

State-owned Rosneft is one of the Russian entities covered by U.S. sanctions, which were imposed after Moscow annexed Ukraine's Crimea region in 2014 and aided separatist rebels in eastern Ukraine.

Russian officials say that the deal is not directly affected by sanctions, because the income from the sale will go to the Russian state, not to Rosneft itself.


 

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