VENEZUELA TO USE RUBLE IN TRADE WITH RUSSIA TO BYPASS US SANCTIONS

EL AISSAMI, WHO IS ALSO THE INTERNATIONAL DIRECTOR FOR STATE-OWNED OIL GIANT PDVSA, SAID THAT THE COMPANY WOULD LOOK TO DEEPEN TIES WITH RUSSIAN COUNTERPART ROSNEFT.

WE ARE DEVELOPING RELATIONSHIPS WITH ROSNEFT AND ARE LOOKING AT ALL OPTIONS OF COOPERATION WITH THE COMPANY, EL AISSAMI SAID.

"We are developing relationships with Rosneft and are looking at all options of cooperation with the company," El Aissami said.

“Unilateral American sanctions are preventing us from using US dollars to settle,” the official told Sputnik on Saturday, the last day of the annual business summit. “So we have developed a mechanism so that we can...

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