CARACAS, Venezuela (AP) — The latest on Venezuela's political and economic crisis (all times local):
Russian state oil company Rosneft has rejected accusations by U.S....
Ex-Russian minister jailed for 8 years in sting case
MOSCOW (AP) — Russia's former economics minister was handed an eight-year prison sentence Friday after being convicted of accepting a $2 million bribe from one of President Vladimir Putin's top associates.
Russian ex-minister gives final argument in corruption trial
MOSCOW (AP) — Wrapping up one of Russia's most high-profile trials of the year, a former economic development minister charged with bribery on Thursday accused an oil executive of setting him up and apologized for "turning back on other people's misfortunes."
Prosecutors ask court to send Russian ex-minister to prison
MOSCOW (AP) — Russian prosecutors on Monday asked a court to send a former economic development minister to a high-security prison for 10 years.
Alexei Ulyukayev, the highest-ranking Russian official to have been arrested since 1993, was detained last year at the headquarters of Russia's largest oil producer, the state-owned Rosneft, after a sting operation by Russia's main intelligence agency. Ulyukayev denies the charges and says Rosneft's influential chief executive Igor Sechin has set him up.
Russian prosecutors show $2 million in cash at Moscow trial
MOSCOW (AP) — Russian prosecutors on Wednesday displayed $2 million in cash, which they claim was a bribe, at the trial of a former economic development minister accused of corruption.
Gerhard Schroeder to chair Russia’s state oil company
MOSCOW (AP) — Former German Chancellor Gerhard Schroeder has been named the new chairman of the Russian state oil giant Rosneft, the company said Friday.
Schroeder's intention of joining the Rosneft board had drawn criticism from his successor as chancellor, Angela Merkel, and from Martin Schulz, the leader of Schroeder's center-left Social Democrats in Germany.
Russian ex-minister on trial for bribery blames Putin ally
MOSCOW (AP) — Breaking months of silence, the former Russian economic development minister on trial for allegedly accepting a $2 million bribe publicly accused the head of Russia's oil company on Wednesday of setting him up.
WASHINGTON (AP) — Exxon Mobil Corp. must pay a $2 million fine for showing "reckless disregard" for U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant's CEO, the Treasury Department said Thursday. Exxon sued the U.S. government to stop the fine.
ST.PETERSBURG, Russia (AP) — The head of Russia's state-controlled Rosneft oil giant says that that a rise in shale oil output in the U.S. would likely offset the effect from OPEC production cuts.
Speaking Friday at an economic forum in St.Petersburg, Rosneft CEO Igor Sechin said thanks to increasing efficiency U.S. shale oil producers would likely deliver an additional 1.5 million barrels of crude a day to the market in 2018.
Trump’s one-time adviser calls for better US-Russia ties
MOSCOW (AP) — A former foreign policy adviser of U.S. President-elect Donald Trump says Russia and the U.S. should repair their strained ties.
Carter Page, one of Trump's foreign policy advisers during his election campaign, said at a news conference Monday that Moscow and Washington should focus on the economy and try to search for mutually beneficial solutions. He warned, however, that it's too early to talk about lifting Western sanctions against Russia.
Russia’s Rosneft takes third of Egyptian gas field for $1.6B
MOSCOW (AP) — Russia's state-owned oil giant, Rosneft, is buying a 30 percent stake in an offshore Egyptian gas field for $1.6 billion deal.
Italian energy company Eni said Monday it would sell the stake to Rosneft. The Russian company will pay $1.125 billion for the holding in the Shorouk concession, which contains the giant Zohr gas field, and $450 million to cover past expenditures. It has the option to buy a further 5 percent.
Glencore, Qatari fund buy 19.5 percent in Russia’s Rosneft
MOSCOW (AP) — Commodities giant Glencore and Qatar's sovereign wealth fund have together acquired a 19.5 percent stake in Russia's top state-controlled oil company, Rosneft, in a deal worth 10.5 billion euros ($11.3 billion), officials said Wednesday.
The long-planned sale is part of the Russian government's efforts to sell some state assets to help balance the budget amid a two-year recession caused by a drop in global oil prices and Western sanctions.
Moscow court orders paper to refute a report on Rosneft CEO
MOSCOW (AP) — A court in Moscow has ordered a leading independent newspaper to retract an article about a luxury yacht allegedly owned by the chief of Russia's top state-controlled oil company. retract
The Basmanny District Court ruled Monday that the Novaya Gazeta report linking Rosneft Chairman Igor Sechin to the St. Princess Olga yacht was untrue.