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The United States suspect that it has tightened sanctions against the oil exchange with Venezuela

August 19, 2020

The United States is currently examining the possibility of applying additional sanctions to oil exchanges with Venezuela as part of the White House offensive against the government of Nicolás Maduro. Sources familiar with the matter have informed Bloomberg.

The new punitive measures would be directed against the few crude oil transactions that the US authorities still allow with Venezuela. In particular, according to sources, they could attack trade with Asia and Europe.

Apparently, the Donald Trump administration has been analyzing this move for months but decided to prioritize action against Iran, which has sent multiple shipments of fuel by sea and air to Venezuela in recent months. Last week the United States intercepted four tankers carrying Iranian crude oil destined for the Caribbean nation.

The United States suspect that it has tightened sanctions against the oil exchange with VenezuelaThe United States suspect that it has tightened sanctions against the oil exchange with Venezuela

Venezuela, home to the largest oil fields in the world, is suffering from a new fuel supply crisis because its national industry is out of date, which Maduro attributes to international sanctions and sabotage and the opposition to corruption and corruption mismanagement.

The US actions against Venezuela’s oil industry, once the country’s main source of income, are part of Washington’s offensive against Maduro, which includes criminal charges of “narcoterrorism”.

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