Putin and Maduro are close allies.
Russia wants CITGO.
Trump has repeatedly moved in ways that benefit Russian oil interests Rosneft, Lukoil, Sechin.
Putin and Maduro are close allies.
Russia wants CITGO.
Trump has repeatedly moved in ways that benefit Russian oil interests Rosneft, Lukoil, Sechin.
Right now:
Venezuela is on the edge financially.
If the U.S. pushes too hard → PDVSA defaults.
If PDVSA defaults → Rosneft’s claim activates.
Right now:
Venezuela is on the edge financially.
If the U.S. pushes too hard → PDVSA defaults.
If PDVSA defaults → Rosneft’s claim activates.
It would be Putin owning key U.S. energy infrastructure during a period of U.S. Russia hostility.
This is why Obama’s Treasury and CFIUS freaked out.
This is why Congress pushed to stop it.
This is why Trump’s Russia stance mattered so much.
It would be Putin owning key U.S. energy infrastructure during a period of U.S. Russia hostility.
This is why Obama’s Treasury and CFIUS freaked out.
This is why Congress pushed to stop it.
This is why Trump’s Russia stance mattered so much.
CITGO owns:
3 major U.S. oil refineries
48 petroleum terminals
A huge chunk of U.S. gasoline capacity in the Midwest and Gulf
Critical pipelines
CITGO owns:
3 major U.S. oil refineries
48 petroleum terminals
A huge chunk of U.S. gasoline capacity in the Midwest and Gulf
Critical pipelines
If PDVSA defaults, Rosneft is legally entitled to seize nearly half of CITGO.
LET THAT SINK IN
If PDVSA defaults, Rosneft is legally entitled to seize nearly half of CITGO.
LET THAT SINK IN
Not hypothetically.
Not symbolically.
Contractually.
Not hypothetically.
Not symbolically.
Contractually.