Russia’s largest oil company’s shares fall after reports of new US sanctions
Russia’s largest oil company’s shares fall after reports of new US sanctions
Rosneft stock slumped nearly five percent during Friday trading on the Moscow Stock Exchange after reports claimed that the US wants to slap the Russian oil giant with new sanctions over its cooperation with Venezuela.
As of 2:49pm Moscow time (11:49am GMT) Rosneft shares were trading at 453.5 rubles (US$7.1) per share, down 4.65 percent from the previous session.
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The drop came less than two days after the Trump administration announced that it was going to ramp up pressure against Venezuelan President Nicolas Maduro and his government. As...


