Caracas has been struggling with a severe economic crisis that has led to food and medicine shortages since the US regime started imposing an economic blockade, specifically targeting the sphere that had contributed the most to the country’s budget – the oil trade.

The US special envoy for Venezuela, Elliott Abrams, has claimed that Caracas has been continuing to ship oil to some countries despite Washington’s effort to prevent this with economic sanctions.

Abrams said that $3 billion worth of oil had been delivered to China and $900 million more shipped to Cuba, Venezuela’s long-time ally.

The US envoy stated that Caracas was shipping the oil to China in order to repay some of its debt, used to alleviate the food and medicine shortages afflicting the country.

Abrams, however, failed to clarify how Venezuela was supposed to do so, as the USA has imposed sanctions on its oil trade, cutting the country off from most of its buyers.

Venezuela has been struggling with a severe economic crisis in recent years that has led to shortages of certain foodstuffs and medicines, a problem that was exacerbated by a fabricated political crisis in 2018 and 2019.

Accusing Caracas for its human rights violations, Washington imposed economic sanctions against the country, which severely limited its ability to sell the main export commodity that had largely filled its budget – oil.

Caracas, as well as several other countries supporting legitimately elected President Nicolas Maduro, condemned the US move.

Sputnik / ABC Flash Point Oil Export News 2019.

4 1 vote
Article Rating
Previous articleUrsula von der Leyen replaces Jean-Claude Juncker as president of the European Commission.
Next articleHomeless People are taken off the Streets
Notify of

Inline Feedbacks
View all comments