Tag Archives: Venezuela

The sanctions block all payments to PDVSA accounts.

The steps are part of a wider effort by the United States to undermine Mr Maduro.

The organization is more directly represented by its secretary-general. currently the Nigerian Mohammad Barkindo.

On February 4. most European Union member-states recognized Guaido as Venezuela’s interim president.

Venezuela'.s total crude output will fall to below 800.000 b d by the end of February.

Currently. Washington'.s sanctions apply only to US entities.

PDVSA and Maduro’s government could have a much harder time finding destinations for Venezuelan oil than first thought.

The Trump administration last week issued crippling sanctions on Venezuelan state-owned oil firm PDVSA.

In Europe. PDVSA trades with Spain’s energy major Repsol. commodity traders Trafigura and Vitol.

Russian energy giant Rosneft has loaned more than $6bn to PDVSA.