Carlos Garcia Rawlins. Reuters
Business Insider: The lifeblood of Venezuela's economy is taking a beating in the wake of Trump's sanctions
* Oil shipments from Venezuela have reportedly fallen by more than a third over the past month.
* That's after the Trump administration imposed sanctions on the country's state-run oil industry.
* The sanctions were rolled out in an attempt to cripple the government of President Nicolas Maduro, who is facing global pressure to cede power to opposition leader Juan Guaidó.
Venezuela's oil shipments have reportedly fallen sharply since the US hit the country with energy sanctions.
Reuters reported Thursday that oil shipments from the country dropped 40% to 920,000 barrels per day over the past month.
The Trump administration said in January it would impose economic penalties against PDVSA in an attempt to cripple the government of President Nicolas Maduro, who is facing global pressure to cede power to opposition leader Juan Guaidó.
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WNU Editor: This is only going to get worse.
1 comment:
With or without US sanctions the Venezuelan oil sector was failing and had been failing for a long time. It will just reach zero faster with US sanctions.
Too many God Damned communists, who stole state money and fled to Houston or Miami.
The US needs to repatriate the money and the thieves, I mean communists, back to Venezuela.
We do not need blood money. That is we do not need communist money.
Deduct court costs form the money repatriated. We should not go broke prosecuting thieves/communists.
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