On 25th February, a BBC “Reality Check” article says that oil dominates Venezuela’s economy, accounting for almost all of its export earnings, and that its biggest customers have been the US, followed by India and China.  But over the past decade, oil production has collapsed and the country is in a deep economic crisis: so, it asks, what effect are the sanctions having and who is buying its oil now?

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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