The Venezuelan government uses Rosneft to circumvent US sanctions. According to Reuters, the oil state company PDVSA began to send invoices for fuel to a Russian partner, who pays for them immediately and at a discount, and then resells the resources to other buyers for the full price.
Earlier, former top-manager of the Venezuelan state-owned oil company PDVSA, Abraham Edgardo Ortega, confessed to the US authorities to receive a bribe from a Russian bank and a French oil company.
The Delaware court issued an order to arrest the American refinery Citgo at the request of the Canadian Crystallex. About half of Citgo's shares are pledged to Rosneft, and the Russian state-owned company has a week to appeal against the court's decision.
The American court arrested a foreign asset of the Venezuelan state company PDVSA - Citgo at the suit of the Canadian company Crystallex. 49.9% of its shares were pledged by Rosneft for its loans of almost $ 6 billion.
This is achieved by the owners of the company, nationalized by Venezuela.
The oil sector of Venezuela is falling apart.
The market reacted negatively to Igor Sechin's brotherly financial assistance.
The Venezuelan partner of Rosneft - PDVSA - can not pay its debts.
Washington is preparing for the possible Rosneft's control over the Venezuelan Citgo, which processes 5% of all US crude oil.
This is the advance payment of Rosneft to the state company PDVSA for oil supplies.
The Russian state-owned company can gain control over Citgo, which owns energy assets in the US.
PDVSA invited Rosneft to get a share in the joint venture with the US Chevron.
Rosneft is ready to accept the responsibility for $11 billion of loans to third parties.
The company estimated the loss from tax maneuver at 165 billion rubles.
For the first time since 1999, supporters of Hugo Chavez lost the majority in the Parliament of Venezuela. That shift can affect the economic relations with Russia: the new authorities can review the existing investment projects.