Russian Foreign Minister Sergei Lavrov speaks during his annual press conference in Moscow, Russia January 20, 2026. REUTERS/Shamil Zhumatov
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CNBC TV1811-02-2026, 20:55

Russia Slams US Oil Policy in Venezuela, Calls Restrictions Discriminatory

  • Russian Foreign Minister Sergei Lavrov criticized new US restrictions on Russia's role in Venezuela's oil business as blatant discrimination.
  • The US Treasury Department issued a license for oil and gas exploration in Venezuela, excluding transactions involving Russian and Chinese nationals or entities.
  • Russia plans to seek clarification from the United States regarding these new restrictions.
  • Lavrov stated that Russia, China, and Iran have significant investments in Venezuela's oil and energy sector.
  • US President Donald Trump has expressed interest in controlling Venezuela's vast oil reserves with US companies.

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