Rosneft, an oil corporation majority-owned by the Russian government, says it has the right to claim an ownership stake in U. Russian ownership of a large portion of a U. Those experts also emphasize that the White House has the power to block the deal -- either on national security grounds or simply by leaving in place Obama administration sanctions against Russia.

In fact, credit rating agency Fitch reported in January that a default at PDVSA is probable. Kumar, whose research focuses on energy finance, said a default would leave the door open for Rosneft to seize the promised stake in Citgo, a company whose U. The Rosneft lien was included as an exhibit in a federal lawsuit for alleged unpaid debts filed by ConocoPhillips, another oil company, against PDVSA.

ConocoPhillips added Rosneft to the lawsuit after the Russian oil company and PDVSA agreed to the loan. He and other experts said PDVSA has been siphoning money from its American company to the Venezuelan government, which for more than a decade has used oil profits to subsidize social commitments.

Just over 50 percent of Rosneft is owned by Rosneftegaz, a Russian state agency run by Sechin, the Rosneft CEO.

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But it is barred from acquiring U. However, as a candidate for president, Donald Trump expressed an openness to relaxing those sanctions, which include a ban on business transactions with dozens of companies and officials, including Rosneft and CEO Sechin. Page and Russian officials have denied the meeting occurred. Trump said in a January interview with the Times of London that he would consider removing sanctions as part of a nuclear arms reduction deal.

CBS News political director and "Face the Nation" moderator John Dickerson joins "CBS This Morning" from Washington to discuss the fallout from G In late December, U.

It is not clear which sanctions were discussed and Flynn resigned on Feb. The New York Times later reported that in early February two Trump business associates met with a Ukrainian politician about a plan to lift Russian sanctions as part of an effort to solve the violent conflict simmering between Ukraine and Russia. Ponomarev noted that although Venezuela and Russia have long-standing friendly ties, it is unusual that they would agree to a deal involving U. When foreign companies make major investments in American properties, each side is expected to voluntarily file a notice with the White House committee known as CFIUS, a collection of nine Presidential Cabinet members who review the national security implications of foreign investments in U.

Its chair is the U. CFIUS has never previously had so many members with ties to the oil industry. Tillerson, the former CEO of ExxonMobil , was closing in on an oil exploration deal with Rosneft reportedly worth in the tens of billions when the Obama administration announced the Crimea sanctions.

Energy Secretary Rick Perry has been on the board of directors of two pipeline companies. All three have left their previous positions and taken steps to divest their business interests in the energy industry. Experts interviewed by CBS News said companies involved in CFIUS reviews are not told if a committee member with potential conflicts has recused himself.

Representatives of each CFIUS member agency, as well as the White House, directed CBS News to the Treasury Department for comment when asked whether the department head would support any transaction that would allow ownership of U. In , the most recent year for which data are available, CFIUS reviewed filings, rejecting one.

Another 12 filings were withdrawn during the review process.

ROSN Stock Price - Rosneft Oil Co. GDR Stock Quote (London IOB) - MarketWatch

While rejections are rare, there have been cases in which foreign state-operated companies have withdrawn their bids due to political pressure. Every expert contacted by CBS News predicted the Rosneft transaction would meet similar, if not fiercer opposition.

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