Senators Urge Against Russian Oil Deal

A bipartisan group of six senators is pressing the U.S. Treasury Department to investigate a loan deal enabling Russia’s state-owned oil firm to take a major stake in a U.S. oil company. In a letter sent Monday to Treasury Secretary Steven Mnuchin, the lawmakers expressed concern over a Nov. 30 deal in which Russia’s Rosneft would claim at least 49.9 percent of U.S. oil company Citgo from PDVSA, the Venezuelan state-owned oil company.

This video was produced by YT Wochit Business using

Leave a Reply