US Says Rosneft Deal To Buy Essar Oil Doesn't Violate Sanctions

Washington: A deal by a state-owned Russian oil company Rosneft and others to buy Essar Oil for $12.9 billion does not run afoul of US sanctions on Russia, the State Department said. "I don't think we see any violation of any US-EU sanctions stemming from this deal," Mark Toner, a spokesman for the State Department, told reporters in a daily briefing on Tuesday. The US has imposed sanctions on Russia as a penalty for its agression ...