FILE PHOTO: A man walks past a closed gas station of the state oil company PDVSA in San Cristobal, Venezuela, May 17, 2019. REUTERS/Carlos Eduardo Ramirez
Miami Herald: Maduro sent $900 million in oil to Cuba, U.S. official said
Embattled leader Nicolás Maduro sent about $900 million in oil to Cuba this year despite the humanitarian crisis in Venezuela, a U.S. top diplomat told reporters on Wednesday.
The U.S. special envoy for Venezuela, Elliott Abrams, said that Maduro has the money to alleviate the shortages of food and medicine in that country but has preferred to pay debts to Russia and China and continues sending oil to the Cuban government, his main ally in the region.
“The regime paid the Russian oil company Rosneft over a billion and a half dollars to reduce debt,” he said. Maduro also sent China just under $3 billion worth of oil and $900 million
to Cuba. “That’s about $5 billion that could have been spent on food and medicine but was not,” he said.
Read more ....
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U.S. blacklists Cuban firm tied to Venezuela sanctions evasion -- Reuters
Venezuela’s Ravaged Schools Lack Food, Books and Students -- Bloomberg
Venezuelan oil sector recovery will take years: US State Department official -- S&P Global
Is Rosneft undermining “maximum pressure” on Venezuela and Iran as Trump looks away? -- Matthew Bryza, Atlantic Council
This does not balance.
ReplyDeletehttps://tradingeconomics.com/cuba/balance-of-trade
https://tradingeconomics.com/cuba/current-account
There are illegal money flows here.
Lots of people like to opine that the drug war cannot be won.
Can it be won, when a governments like Cuba & Venezuela assist it?