Russia’s largest oil company’s shares fall after reports of new US sanctions

Rosneft stock slumped

Rosneft stock slumped nearly five percent during Friday trading on the Moscow Stock Exchange after reports claimed that the US wants to slap the Russian oil giant with new sanctions over its cooperation with Venezuela.

As of 2:49pm Moscow time (11:49am GMT) Rosneft shares were trading at 453.5 rubles (US$7.1) per share, down 4.65 percent from the previous session.

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