What Does Maduro’s ‘Energy Emergency’ Mean for Venezuela?

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Massimiliano Ballotta, Moscow-based partner, and Javier Coronado, associate attorney, both at Diaz, Reus: “U.S. sanctions on relatively small Rosneft Trading, which was created in 2011 to assist Rosneft on foreign projects, will not deter Russia from doing business with the Maduro regime. The designation does not apply to Rosneft or its other subsidiaries and affiliates.