US hits Venezuela’s state-owned oil company with sanctions
5 years, 11 months ago

US hits Venezuela’s state-owned oil company with sanctions

Al Jazeera  

President vows to take action as US steps up pressure with new sanctions aimed at forcing him cede power to opposition. The United States has imposed sweeping sanctions on Venezuela’s state-owned oil firm, in a move aimed at pressuring President Nicolas Maduro to cede power to the opposition in the crisis-hit South American country. ‘Hands off Venezuela!’ In response to the US’s move, Maduro on Monday vowed to take action, calling the sanctions “criminal” and accused Washington of robbing Venezuelans of oil riches that rightfully belonged to them. “Oil is Venezuela’s largest source of revenue and the US is Venezuela’s biggest customer – 41 percent of their oil exports come to the US, and their biggest foreign asset is Citgo, the US-based refining army of their oil company,” Al Jazeera’s Kristen Saloomey, reporting from Washington, DC, said. “And crucially, the state-owned oil company is controlled by the military which is key to Maduro staying in power, so the goal here by the US government is to hold back this money from Maduro’s government and transfer it over to forces who are loyal to Guaido.” Venezuela, a once-prosperous nation, has been in an economic collapse, with several million citizens fleeing to neighbouring countries.

Oil Sanctions Assets Washington State Venezuelan Pdvsa Citgo Guaido Venezuela Maduro Hits Venezuela  company  president  pdvsa  sanctions  hits  venezuela  maduro  citgo  oil  venezuelas  economic  assets  stateowned

History of this topic

Reliance, Venezuela’s PDVSA resume oil swap under U.S. authorisation, shows document
3 weeks ago

Reliance, Venezuela’s PDVSA resume oil swap under U.S. authorisation, shows document

The Hindu  

“Reliance Industries and Venezuela’s state oil company PDVSA have resumed an oil swap that had been paused owing to U.S. sanctions on the South American country,” according to an internal PDVSA document showed on Thursday Reliance and other refiners had imported Venezuelan oil earlier this year under a broad U.S. license that expired in April. Reliance Industries denies any cash …

US sanctions more allies of Maduro over alleged post-election crackdown in Venezuela
1 month, 2 weeks ago

US sanctions more allies of Maduro over alleged post-election crackdown in Venezuela

Associated Press  

CARACAS, Venezuela — The United States has imposed sanctions on an additional 21 allies of Venezuelan President Nicolás Maduro, accusing them on Wednesday of perpetrating some of the repression with which officials in the country responded to July’s disputed presidential election. The security and cabinet-level officials sanctioned by the Department of the Treasury include the head of the nation’s corrections …

Venezuelan opposition calls on US to cancel oil company licenses to pressure Maduro
3 months, 3 weeks ago

Venezuelan opposition calls on US to cancel oil company licenses to pressure Maduro

Associated Press  

MEXICO CITY — Venezuela’s main opposition coalition on Monday called on the U.S. to cancel the licenses that allow Chevron and other energy companies to operate in the South American country to pressure President Nicolás Maduro to negotiate a transition from power. It’s about the situation that is impoverishing the country so badly that practically the whole population wants this …

Venezuela under Maduro — authoritarianism and economic chaos | Data
4 months, 3 weeks ago

Venezuela under Maduro — authoritarianism and economic chaos | Data

The Hindu  

On July 28, Venezuela’s President Nicolas Maduro returned to power after a controversial election, whose results have been disputed by the Opposition and several countries. Chart 1 shows how Venezuela’s GDP started declining since Mr. Maduro’s ascent to power in 2013. As Chart 4 shows, Venezuela’s petroleum exports formed about 80% of the country’s exports and remained in the range, …

Reliance Industries gets US approval to continue crude oil import from Venezuela amid sanctions
5 months, 2 weeks ago

Reliance Industries gets US approval to continue crude oil import from Venezuela amid sanctions

Op India  

In a significant development, Reliance Industries Ltd., India’s largest privately held oil refiner, has obtained US approval to resume importing oil from Venezuela amid White House sanctions against the country. Notably, when President Nicolas Maduro and the opposition inked a deal to ensure free and fair elections last year, the United States temporarily lifted sanctions on the South American country’s …

Venezuela denounces, rejects US seizure of Citgo oil firm
6 months, 3 weeks ago

Venezuela denounces, rejects US seizure of Citgo oil firm

China Daily  

Xinhua | Updated: 2024-06-18 09:50 CARACAS -- The Venezuelan government on Monday expressed its strong condemnation of the US authorities' process of "seizure of Citgo Petroleum Corporation." The government of Venezuela and PDVSA were excluded from the judicial sale of Citgo and were prevented from defending their rights before US courts," said the Venezuelan government in a statement. It added …

Billionaire Texas oilman inks deal with Venezuela’s state-run oil giant as US sanctions loom
8 months, 2 weeks ago

Billionaire Texas oilman inks deal with Venezuela’s state-run oil giant as US sanctions loom

Associated Press  

MIAMI — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela’s state-owned oil company to rehabilitate five aging oil fields, days after the Biden administration put a brake on sanctions relief over concerns about the fairness of the country’s upcoming presidential election. It was created last year as a result of a merger with a …

US reimposes oil sanctions against Venezuela over election concerns
8 months, 3 weeks ago

US reimposes oil sanctions against Venezuela over election concerns

Al Jazeera  

Move in US election year could push up oil prices, but Washington says Maduro has not made promised electoral reforms. “ Nicolas Maduro and his representatives have not fully met the commitments made under the electoral roadmap agreement,” said US Department of State spokesperson Matthew Miller. “Therefore, General License 44 – which authorised transactions related to the oil and gas …

US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades
8 months, 3 weeks ago

US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

Associated Press  

MIAMI — The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro’s attempts to consolidate his rule just six months after the U.S. eased restrictions in a bid to support now fading hopes for a democratic opening in the OPEC nation. “There’s no sanction, no threat, that today can damage our efforts to build a …

Venezuela accuses US of ‘blackmail’ over sanctions
11 months, 1 week ago

Venezuela accuses US of ‘blackmail’ over sanctions

Al Jazeera  

The US reimposed sanctions after a ban blocking the candidacy of the opposition in Venezuela’s elections was upheld. Venezuela has criticised Washington’s decision to reimpose oil and gas sanctions and warned it could halt deportation flights for Venezuelan migrants who are in the United States without documents. “If they take the wrong step of intensifying the economic aggression against Venezuela …

Venezuela: US moves to reimpose sanctions over Maria Corina Machado ban from presidential election
11 months, 1 week ago

Venezuela: US moves to reimpose sanctions over Maria Corina Machado ban from presidential election

CNN  

CNN — The US has reimposed economic sanctions against a Venezuelan state-owned mining company and says it could go on to reimpose further sanctions on the country’s oil and gas sector after Venezuela’s Supreme Court barred main opposition candidate Maria Corina Machado from running for president last week. While US economic sanctions against the mining company are unlikely to cause …

Maduro orders the 'immediate' exploitation of oil, gas and mines in Guyana's Essequibo
1 year, 1 month ago

Maduro orders the 'immediate' exploitation of oil, gas and mines in Guyana's Essequibo

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Venezuelan President Nicolás Maduro on …

Maduro orders the ‘immediate’ exploitation of oil, gas and mines in Guyana’s Essequibo
1 year, 1 month ago

Maduro orders the ‘immediate’ exploitation of oil, gas and mines in Guyana’s Essequibo

Associated Press  

CARACAS, Venezuela — Venezuelan President Nicolás Maduro on Tuesday directed the country’s state-owned companies to “immediately” begin to explore and exploit the oil, gas and mines in Guyana’s Essequibo region, a territory larger than Greece and rich in oil and minerals that Venezuela claims as its own. Maduro said he would “immediately” proceed “to grant operating licenses for the exploration …

U.S. to ease Venezuela oil, gas sanctions after election deal
1 year, 2 months ago

U.S. to ease Venezuela oil, gas sanctions after election deal

The Hindu  

The United States will ease some oil and gas sanctions against Venezuela after the South American country's government and opposition agreed to hold elections next year. In response to those "democratic developments," the U.S. Treasury Department "has issued General Licenses authorizing transactions involving Venezuela's oil and gas sector and gold sector," and is "removing the ban on secondary trading" in …

US eases oil, gas and gold sanctions on Venezuela after electoral roadmap signed
1 year, 2 months ago

US eases oil, gas and gold sanctions on Venezuela after electoral roadmap signed

Associated Press  

WASHINGTON — In response to Venezuela’s government and a faction of its opposition formally agreeing to work together to reach a series of basic conditions for the next presidential election, the U.S. agreed Wednesday to temporarily suspend some sanctions on the country’s oil, gas and gold sectors. The U.S. Treasury issued a six-month general license that would temporarily authorize transactions …

How are US sanctions affecting life in Venezuela?
1 year, 6 months ago

How are US sanctions affecting life in Venezuela?

Al Jazeera  

On Tuesday, June 13 at 19:30 GMT: For more than 15 years, the United States has been imposing a wide variety of economic sanctions against Venezuela, claiming the South American country has aided in drug trafficking, According to a report by the Center for Economic and Policy Research, sanctions led to more than 40,000 deaths from 2017-2018. They’ve also increased …

Russian foreign minister visits Venezuela, offers support
1 year, 8 months ago

Russian foreign minister visits Venezuela, offers support

Associated Press  

CARACAS, Venezuela — Russia and Venezuela reviewed some of their hundreds of bilateral agreements covering the financial, energy, agricultural and other sectors during discussions between their top diplomats and other high-level officials Tuesday in the South American country. Russian Foreign Minister Sergey Lavrov and his Venezuelan counterpart Yván Gil held a joint press conference in Caracas hours after the former …

Shadowy brokers walk off with billions in Venezuelan oil
1 year, 9 months ago

Shadowy brokers walk off with billions in Venezuelan oil

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “It would be very difficult for even a …

Venezuela’s gov, opponents resume talks; US eases sanction
2 years, 1 month ago

Venezuela’s gov, opponents resume talks; US eases sanction

Associated Press  

MEXICO CITY — Venezuela’s government and its opposition on Saturday agreed to create a U.N.-managed fund to finance health, food and education programs for the poor, while the Biden administration eased some oil sanctions on the country in an effort to boost the newly restarted talks between the sides. Venezuelan resources held in the international financial system will be directed …

Biden eases Venezuela sanctions as opposition talks resume
2 years, 1 month ago

Biden eases Venezuela sanctions as opposition talks resume

Associated Press  

WASHINGTON — The Biden administration on Saturday eased some oil sanctions on Venezuela in an effort to support newly restarted negotiations between President Nicolás Maduro’s government and its opposition. The Treasury Department is allowing Chevron to resume “limited” energy production in Venezuela after years of sanctions that have dramatically curtailed oil and gas profits that have flowed to Maduro’s government. …

US eases Venezuela oil sanctions after gov’t, opposition ink deal
2 years, 1 month ago

US eases Venezuela oil sanctions after gov’t, opposition ink deal

Al Jazeera  

The easing of sanctions comes after the Venezuelan government and the opposition signed an accord to set up a UN-mandated fund. The Biden administration on Saturday eased some oil sanctions on Venezuela after the government of Nicolas Maduro and the opposition signed a broad ‘social accord’ to create a UN-administered fund to provide humanitarian aid to the Venezuelan people. The …

The U.S. is trying to mend ties with Venezuela. One big reason? Oil
2 years, 2 months ago

The U.S. is trying to mend ties with Venezuela. One big reason? Oil

NPR  

The U.S. is trying to mend ties with Venezuela. In response to a crackdown on democracy by Venezuela's authoritarian leader Nicolás Maduro, Washington in 2019 placed sanctions on the country's vital oil sector. Over Thanksgiving weekend, the U.S. Treasury announced it would authorize U.S.-based Chevron to resume limited oil operations in Venezuela after the Maduro regime and the political opposition …

Cash is king for sanctioned Russian, Venezuelan oligarchs
2 years, 2 months ago

Cash is king for sanctioned Russian, Venezuelan oligarchs

Associated Press  

MIAMI — It was a deal that brought together oligarchs from some of America’s top adversaries. “The key is the cash,” the oil broker wrote in a text message, offering a deep discount on Venezuelan crude shipments to an associate who claimed to be fronting for the owner of Russia’s biggest aluminum company. “As soon as you are ready with …

US could ease Venezuela sanctions, allow Chevron to pump oil: WSJ
2 years, 3 months ago

US could ease Venezuela sanctions, allow Chevron to pump oil: WSJ

Al Jazeera  

Biden administration preparing to ease sanctions if Caracas takes steps towards restoring democracy, report says. The United States is considering loosening sanctions on Venezuela so Chevron Corp can pump oil in the country if Caracas takes steps towards restoring democracy, the Wall Street Journal has reported. Under the proposed deal, the Biden administration would ease some sanctions in exchange for …

US officials back in Venezuela in a bid to rebuild ties
2 years, 6 months ago

US officials back in Venezuela in a bid to rebuild ties

Associated Press  

CARACAS, Venezuela — Senior U.S. government officials have quietly traveled to Caracas in the latest bid to bring home detained Americans and rebuild relations with the South American oil giant as the war in Ukraine drags on, forcing the U.S. to recalibrate other foreign policy objectives. President Nicolás Maduro confirmed the visit during televised remarks, saying the delegation would meet …

US removes relative of Venezuela’s Maduro from sanctions list
2 years, 6 months ago

US removes relative of Venezuela’s Maduro from sanctions list

Al Jazeera  

Carlos Erik Malpica Flores, an ex-national treasurer, was put on blacklist in 2017 on charges of undermining democracy. The United States has lifted sanctions against a relative of Venezuelan President Nicolas Maduro, weeks after Washington said it was taking steps to encourage dialogue between Maduro’s government and the US-backed Venezuelan opposition. The US Department of the Treasury confirmed on Friday …

Biden renews sanctions license for Chevron in Venezuela
2 years, 7 months ago

Biden renews sanctions license for Chevron in Venezuela

Associated Press  

MIAMI — The Biden administration has renewed a license partially exempting Chevron from sanctions on Venezuela so it can keep operating in the oil-rich, socialist-run nation. The license issued Friday by the U.S. Treasury Department allows the California-based Chevron and other U.S. companies to perform only basic upkeep of wells it operates jointly with state-run oil giant PDVSA, dashing the …

US to ease a few economic sanctions against Venezuela
2 years, 7 months ago

US to ease a few economic sanctions against Venezuela

Associated Press  

CARACAS, Venezuela — The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the U.S.-backed opposition and the government of President Nicolás Maduro. Maduro himself is under indictment in the United States, accused of conspiring “to flood the United States with cocaine” and use the drug trade …

US moves to ease a few economic sanctions on Venezuela
2 years, 7 months ago

US moves to ease a few economic sanctions on Venezuela

Al Jazeera  

The limited changes will allow Chevron Corp to negotiate its licence with the state-owned oil company, Petroleos de Venezuela. The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the US-backed opposition and the government of President Nicolás Maduro. The limited changes will allow Chevron Corp to …

Pressure builds on Biden to repay Venezuela’s goodwill moves
2 years, 10 months ago

Pressure builds on Biden to repay Venezuela’s goodwill moves

Associated Press  

MIAMI — Pressure is building on the Biden administration to begin unwinding sanctions on Venezuela after President Nicolas Maduro freed two American prisoners and promised to resume negotiations with his opponents. While the Biden administration is saying little about what was discussed behind closed doors, a smug Maduro — who has sought face-to-face talks with the U.S. for years — …

American freed from Venezuela says his ‘nightmare’ has ended
2 years, 10 months ago

American freed from Venezuela says his ‘nightmare’ has ended

Associated Press  

MIAMI — An American oil executive freed from custody in Venezuela said that even as he celebrates with his family the end of a long “nightmare,” he’s praying for the release of five colleagues who are still imprisoned and “deserve the same blessings.” Gustavo Cardenas arrived to his home in Houston at 4 a.m. Wednesday after flying overnight from Caracas …

Possible Russia oil embargo drives US outreach to Venezuela
2 years, 10 months ago

Possible Russia oil embargo drives US outreach to Venezuela

Associated Press  

MIAMI — Senior U.S. officials secretly traveled to Venezuela over the weekend in a bid to unfreeze hostile relations with Vladimir Putin’s top ally in Latin America, a top oil exporter whose re-entry into U.S. energy markets could mitigate the fallout at the pump from a possible oil embargo on Russia. But the impetus for a risky outreach to Maduro …

U.S. considers banning Russian oil and easing sanctions on Venezuela
2 years, 10 months ago

U.S. considers banning Russian oil and easing sanctions on Venezuela

LA Times  

President Biden participates in a video call with European leaders on Monday. U.S. officials said the Biden administration is considering easing restrictions on imports of oil from Venezuela to alleviate the void left by Russian oil bans, a politically problematic step. They also underscored their commitment to continue providing security, economic and humanitarian assistance to Ukraine.” Psaki said administration officials …

How Venezuela this year almost doubled its oil output
3 years ago

How Venezuela this year almost doubled its oil output

Al Jazeera  

Petroleos de Venezuela, known as PDVSA, won help from small drilling firms by rolling over old debts and later obtaining steady supplies of a key diluent from Iran. Venezuela this year almost doubled its oil production from last year’s decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. PDVSA’s …

Democrat adds pressure on Biden to review Venezuela sanction
3 years, 9 months ago

Democrat adds pressure on Biden to review Venezuela sanction

Associated Press  

MIAMI — A U.S. senator urged the Biden administration Tuesday to lift a ban on diesel fuel swaps with Venezuela, adding to pressure from some Democrats and aid workers who argue sanctions are worsening the South American country’s dire humanitarian crisis. Murphy’s request comes as the Biden administration reviews U.S. policy toward Venezuela with the goal of building a multilateral …

Trump blocks Venezuelans’ deportation in last political gift
3 years, 11 months ago

Trump blocks Venezuelans’ deportation in last political gift

Associated Press  

CARACAS, Venezuela — With the clock winding down on his term, U.S. President Donald Trump shielded tens of thousands of Venezuelan migrants from deportation Tuesday night, rewarding Venezuelan exiles who have been among his most loyal supporters and who fear losing the same privileged access to the White House during the Biden administration. The last-minute reprieve — in sharp contrast …

Trump administration imposes Venezuelan oil-related sanctions
3 years, 11 months ago

Trump administration imposes Venezuelan oil-related sanctions

Al Jazeera  

The United States Treasury targeted three individuals, 14 entities and six vessels for their alleged ties to a network attempting to assist Venezuela’s oil sector. The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company Petroleos de Venezuela sell crude mainly to Asia despite Washington’s sanctions on the …

US sanctions Venezuelan judge, prosecutor over Citgo convictions
4 years ago

US sanctions Venezuelan judge, prosecutor over Citgo convictions

Al Jazeera  

The Trump administration imposed sanctions on a judge and prosecutor for the conviction of six American oil executives. The Trump administration has imposed sanctions on the Venezuelan judge and prosecutor behind the conviction on corruption charges of six American oil executives. Presiding over the trial were Judge Lorena Carolina Cornielles Ruiz and prosecutor Ramon Antonio Torres Espinoza, who as a …

UAE a hub for firms helping Venezuela avoid US sanctions: Report
4 years ago

UAE a hub for firms helping Venezuela avoid US sanctions: Report

Al Jazeera  

Three UAE-based companies emerged this year as major buyers of Venezuelan crude, a Reuters report says. The activity shows how the UAE, one of Washington’s closest allies in the Middle East, is a hub for companies helping Venezuela skirt US sanctions. The role of the three companies in transporting Venezuelan oil underscores how a raft of little-known entities has filled …

Iran sends biggest ever fleet of oil tankers to Venezuela
4 years, 1 month ago

Iran sends biggest ever fleet of oil tankers to Venezuela

Al Jazeera  

Defying US sanctions, Iran sends flotilla of about 10 vessels to help the Latin American nation fight a crippling fuel shortage. Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with knowledge of the matter. The country’s fuel crunch follows …

Venezuelan court sentences six former Citgo executives to prison
4 years, 1 month ago

Venezuelan court sentences six former Citgo executives to prison

Al Jazeera  

The six have denied wrongdoing and a lawyer on their defence team said they planned to appeal. A Venezuelan court sentenced six former executives of United States refiner Citgo to prison after finding them guilty of corruption on Thursday. The former president of the company, Jose Pereira, was fined $2m and sentenced to 13 years and seven months in jail, …

To dodge sanctions Venezuela turns to Asia asphalt giant
4 years, 3 months ago

To dodge sanctions Venezuela turns to Asia asphalt giant

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tipco CEO Chaiwat Srivalwat, in an email to AP, …

Officials: U.S. seizes Iranian gas heading for Venezuela
4 years, 4 months ago

Officials: U.S. seizes Iranian gas heading for Venezuela

Associated Press  

MIAMI — The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said Thursday, as it steps up its campaign of maximum pressure against the two heavily sanctioned allies. Last month, federal prosecutors in Washington filed a civil forfeiture complaint alleging that the sale was arranged by a businessman, …

Venezuela sanctions set off fight for ‘plundered’ oil cargo
4 years, 6 months ago

Venezuela sanctions set off fight for ‘plundered’ oil cargo

Associated Press  

MIAMI — For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes legal fight playing out in a federal courtroom as a result of American sanctions on Venezuela. “But although this shipowner appears to have done the right thing, there are lots of other unscrupulous cockroaches in the …

US slaps new sanctions on Iranians for Venezuela trade
4 years, 6 months ago

US slaps new sanctions on Iranians for Venezuela trade

Al Jazeera  

Trump administration is seeking to block Iran’s energy trade and to bring down Venezuelan President Nicolas Maduro. The United States on Wednesday imposed sanctions on five Iranian ship captains who had delivered oil to Venezuela, and US Secretary of State Mike Pompeo reaffirmed the Trump administration’s backing for Venezuelan opposition leader, Juan Guaido. Speaking at a news conference at the …

US sanctions four shipping firms for transporting Venezuelan oil
4 years, 7 months ago

US sanctions four shipping firms for transporting Venezuelan oil

Al Jazeera  

Venezuelan foreign minister warned that US moves to inhibit crude exports would complicate food and medicine imports. The United States Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington’s effort to depose socialist President Nicolas Maduro by cutting off the OPEC nation’s crude exports. In response, Venezuelan Foreign Minister …

Indian refiners plan to wind down Venezuelan oil purchases in April fearing the future US sanctions: Report
4 years, 10 months ago

Indian refiners plan to wind down Venezuelan oil purchases in April fearing the future US sanctions: Report

Firstpost  

Nayara Energy, partially owned by Rosneft, is planning to stop processing Venezuelan oil at its refineries after receiving two cargoes that are scheduled for loading in March, two of the sources said. Indian refiners Reliance Industries and Nayara Energy are planning to wind down purchases of Venezuelan oil in April fearing the future US sanctions could choke off all avenues …

Venezuela moves U.S. oil execs to a harsher jail after Trump hosts opposition leader
4 years, 10 months ago

Venezuela moves U.S. oil execs to a harsher jail after Trump hosts opposition leader

LA Times  

Venezuelan opposition leader Juan Guaido waves after being acknowledged by President Trump during the State of the Union address on Feb. 4, 2020. And last week they were moved to harsher facilities after President Trump’s red-carpet treatment of a key Venezuelan opposition leader during the State of the Union address. “He’s loved and he’s not forgotten,” Cristina Vadell, 28, said …

Pay in fuel, not cash: India’s Nayara buying Venezuelan oil without violating US sanction, says report
5 years, 2 months ago

Pay in fuel, not cash: India’s Nayara buying Venezuelan oil without violating US sanction, says report

Live Mint  

India's Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than cash to avoid violating US sanctions, three sources with knowledge of the transactions said. But Washington has said that firms, including Rosneft, that take Venezuelan oil to monetize loans are not violating sanctions as long as cash does …

New round of US sanctions targets Venezuelan oil shipped to Cuba
5 years, 3 months ago

New round of US sanctions targets Venezuelan oil shipped to Cuba

Al Jazeera  

US Treasury says Cuba-based entities are circumventing sanctions on Venezuelan oil giant PDVSA. The United States Department of the Treasury targeted four groups and four vessels on Tuesday for moving Venezuelan oil to Cuba in violation of Washington’s sanctions, it said in a statement. Since the US imposed sanctions on Venezuela‘s state-owned oil company Petroleos de Venezuela, SA in January, …

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