Rosneft’s chief executive, Igor Sechin, last week flew to Caracas to have words with President Maduro regarding delays in the shipments of Venezuelan crude that Caracas had agreed to send to Russia as a repayment for cash, Reuters reports , citing sources close to the talks. “He brought information showing that they were meeting obligations with China but not with them,” one of the sources told Reuters. “They’re running around in PDVSA because of this.” What’s more, another source said the Russian delegation was not the only one visiting Caracas: a Chinese delegation was also there. Russia and China are pretty much the only countries left that are willing to lend Caracas a hand amid U.S. sanctions and falling oil production that have combined to create a severe economic crisis. China is the bigger benefactor, having poured as much as US$50 billion into Venezuela since its troubles began, which […]