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Russia Ready To Seize Control Of The World’s Largest Oil Reserves

Russia Ready To Seize Control Of The World's Largest Oil Reserves
Встреча с Президентом Венесуэлы Николасом Мадуро
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Kremlin.ru

The Venezuelan government is readying to hand over control over state oil company PDVSA to Russia’s Rosneft, a local newspaper has reported, citing sources from the industry.

Russian TASS reports, quoting El Nacional, that the radical move is being discussed as a way of erasing Caracas’ debt to Moscow. The debt is sizeable: at the end of June this year, money owed to Rosneft alone stood at $1.1 billion. That’s down from $1.8 billion at end-March…

To read more visit Zero Hedge.

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