Tag Archives: Venezuela

The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA.

The new measures have the potential to affect the pattern of petroleum shipping in the Caribbean and beyond.

Venezuela exports about 500.000 barrels per day (bpd) of crude to the United States.

The Kremlin has warned against negative repercussions should third countries intervene in Venezuela’s affairs.

Russia has been a long-standing ally of Venezuela and has acted as a lender of last resort for Caracas.

U.S. President Donald Trump recognized Guaido as president of the country.

Russia and Saudi Arabia have been steadily developing economic cooperation over recent years.

The two officials conferred on ways to counter US plots against independent nations. particularly. Venezuela.

Some energy industry officials are pressuring the Trump administration to hold off.

Venezuelan production will decline by an additional 300.000-500.000 barrels per day (bpd) this year.