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U.S. to Review Rosneft Deal Finance for Sanctions Violations

  • Deal shows tough times have come to Russia: U.S. official
  • Glencore said deal would likely close in mid-December
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U.S. Reviewing Russia's Sale of $11 Billion Rosneft Stake

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A U.S. government official said the Glencore-Rosneft deal wasn’t what it was hoping for when it imposed sanctions on Russia, and Washington will need to review the deal and how it’s financed.

"We are reviewing the deal, looking at how it actually works and what its implications are," Amos Hochstein, U.S. special envoy for international energy affairs, said on Bloomberg TV on Thursday. "We’re speaking as well with our friends in Brussels to see how we all see the details of this."