Countries

Russia Slams US, EU Sanctions on Oil Exporting Nations

Russia Energy Minister Alexander Novak attends the Gas Exporting Countries Forum Summit in Santa Cruz, Bolivia, November 23, 2017/Photo: Reuters
Russia Slams US, EU Sanctions on Oil Exporting Nations

The statements come as Venezuela and Russia held simultaneous meetings on two continents to discuss continued cooperation on energy.

Russia’s oil minister told representatives of gas exporting nations that U.S. sanctions against oil exporter’s is “unacceptable.”

“We want to tell the colleagues of this forum that it is unacceptable that unilateral sanctions by some countries such as the United States of America are imposed against countries of the gas exporters forums, such as Iran, in the past, and Russia and Venezuela who now face these sanctions,” Alexander Novak, Russia’s energy minister told delegates at the Forum of Gas Exporting Countries held in Santa Cruz in Bolivia.

Earlier this year, the Trump administration decreed sanctions against Venezuela targeting the country’s state oil firm, PDVSA.

The statements come as Venezuela and Russia held simultaneous meetings on two continents to discuss continued cooperation on energy.

Eulogio Del Pino, Venezuela’s Minister of Petroleum met with Novak and Trinidad and Tobago minister, Franklin Khan, Del Pino tweeted from from his account.

Also on Friday, authorities of the Venezuelan National Government and the Russian Federation reaffirmed alliances in the XIII meeting of the High Level Intergovernmental Commission in Sochi.

Defense minister Vladimir Padrino Lopez and Agriculture minister Wilmar Castro Soteldo signed agreements with their Russian counterparts in the areas of agriculture, industry, science, technology, defense and mining. health, the Venezuelan Foreign Ministry said through its official Twitter account.

Novak also signaled that Russia would discuss the details of an extension of the oil price stabilization deal between OPEC and non-OPEC countries global deal, but made no mention of how long this should last beyond its March expiry.

“We see that 50 percent of oil stockpiles have been removed, the oil price has reached its balance,” Novak told RBC TV.

The Organization of the Petroleum Exporting Countries, Russia and several other major producers have cut their combined output by about 1.8 million barrels per day since January to reduce bloated inventories and boost oil prices.

Source/teleSUR

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Countries

San Juan Mayor: ‘Disaster-In-Chief’ Trump Was ‘Disrespectful’ to Puerto Rico

December 29, 2017

Flagrant Violation in Trial of Ecuador’s Vice President, Defense Attorney Says

December 29, 2017

MI5 Plotted Assassination of Irish PM in 1985 – Paramilitary Group

December 29, 2017

Venezuela’s Cryptocurrency Set to Avoid Financial Attacks

December 29, 2017

China Offers Tax Break to Keep Investors after US Overhaul

December 29, 2017

Israeli Jets, Tanks Launch Fresh Attacks Against Gaza Strip

December 29, 2017

Cuban Revolution Persists Despite Hostility of U.S. Government

December 29, 2017

Corbyn Accuses Tory Brexiteers Of Wanting To Drive UK Off A Cliff

December 29, 2017

Brazil Elections: Intellectuals, Artists Back Lula Candidacy

December 29, 2017
You Can Advertise Here
"The other side of the news!"
Copyright © 2015 Carib Flame. Follow us on Twitter @caribflame