Russia’s Rosneft has canceled VLCC cargoes scheduled to carry 5.7 million barrels of Venezuelan oil because of U.S. sanctions, Reuters reports , citing data from PdVSA, and shipping data from Refinitiv Eikon. The cargoes, according to the data, would have been delivered to Asia. Earlier this year, Washington announced sanctions on Rosneft’s Swiss-based trading arm as part of its attempts to cut off all revenue streams to the Maduro government in Caracas. The U.S. has signaled it is ready to continue to tighten the noose around the Venezuelan government. Separately, Rosneft announced a surprise move: it will be pulling out of Venezuela, selling its assets there to a state-owned Russian company. “Today Rosneft concluded an agreement with the company 100% owned by the Government of Russian Federation, to sell all of its interest and cease participation in its Venezuelan businesses, including joint ventures of Petromonagas, Petroperija, Boqueron, Petromiranda and […]