Will Biden Lift Sanctions On Venezuela?

Internal PDVSA (Venezuela’s state-owned oil company) documents show clearly that the nation hasn’t received diesel imports since November of last year, leading data analysts to extrapolate that the country will run out of the fuel as soon as March or April. Amazingly, despite this grim prognosis, Maduro’s government continues to export diesel to Cuba, its close ally and sister in sanctions. One the one hand, this could be used as an argument to show that Venezuela doesn’t need a loosening in sanctions to receive more diesel if Maduro already feels that he has enough to give away. However, the real lesson here is that this part of U.S. sanctions is of no concern to Maduro, nor is the suffering of his people. A reinstatement of crude-for-diesel trade therefore can’t hurt the U.S. agenda, only stands to help the Venezuelan people. By Haley Zaremba. Full Text -> OilPrice

Share on Facebook

Tweet

Follow us

Save