No. of Recommendations: 3
As noted in the thread about the Venezuelan oil industry, Trump would hot hesitate to seize the Rosneft holdings, right along with the Chinese and Cuban interests.
Oil jumps 3% after Trump administration sanctions big Russian oil companies
“Now is the time to stop the killing and for an immediate ceasefire,” Treasury Secretary Scott Bessent said as he announced the sanctions on Rosneft and Lukoil.
“Treasury is prepared to take further action if necessary to support President Trump’s effort to end yet another war,” Bessent said. “We encourage our allies to join us in and adhere to these sanctions.”cnbc.com - Trump administration sanctions russian oilAs proposed before, I doubt Trump cares one whit about Ukraine. His agenda is about taking Russian oil off the market, to tighten supplies, which would raise prices, to the great profit of US oil companies....this was the narrative underlying Rant #1: the objective of the invasion of Iraq was to take Iraqi production off line, for the benefit of US oil companies.
Steve
