EXPLAINER: US SANCTIONS AND VENEZUELA’S EXPORTS AND IMPORTS

On 3rd May, Reuters published an article saying that Venezuela’s oil exports – accounting for more than 95% of the country’s export revenue – have dropped by some 40% since January.  At the same time, it has been unable to import all the fuel it needs for blending with its heavy crude, as well as for domestic consumption.

https://www.reuters.com/article/us-venezuela-politics-crude-exports-expl/explainer-u-s-sanctions-and-venezuelas-exports-and-imports-idUSKCN1S82BI

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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