2nd Jun 2023


Venezuela to sell oil to EU

The US is letting Italian firm Eni and Spanish company Repsol ship oil from Venezuela to Europe to offset an upcoming embargo on Russian supplies, Reuters reports. US sources said the sanctions workarounds would be limited in volume and restricted to EU countries amid fears of giving a boost to Venezuelan president Nicolás Maduro, who is on a US blacklist. The EU oil embargo comes into full force next year.

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