World Economics

United States–Venezuela relations From Wikipedia, the free encyclopedia United States Venezuela United States–Venezuela relations refers to the bilateral relationship between the United States and Venezuela. Relations has traditionally been characterized by an important trade and investment relationship as well as cooperation in combating the production and transit of illegal drugs. As of January 23, 2019, Venezuela and the United States have no formal diplomatic ties, but continue to have relations under interim president Juan Guaidó. Relations were strong under traditional governments in Venezuela, such as those of Carlos Andrés Pérez and Rafael Caldera.[citation needed] However, tensions increased after the socialist President Hugo Chávez assumed elected office in 1999. Tensions between the countries increased further after Venezuela accused the administration of George W. Bush of supporting the Venezuelan failed coup attempt in 2002 against Chavez,[1][2] an accusation that...

New U.S. Sanctions Seek to Block Venezuelan Oil Shipments to Cuba A fisherman casts his net as an oil tanker sails in Venezuela. “Venezuela’s oil belongs to the Venezuelan people,” Vice President Mike Pence said, announcing sanctions. Credit Juan Barreto/Agence France-Presse — Getty Images Image A fisherman casts his net as an oil tanker sails in Venezuela. “Venezuela’s oil belongs to the Venezuelan people,” Vice President Mike Pence said, announcing sanctions.CreditCreditJuan Barreto/Agence France-Presse — Getty Images By Annie Karni and Nicholas Casey April 5, 2019 WASHINGTON — The Trump administration announced on Friday its latest round of economic sanctions against the government of President Nicolás Maduro of Venezuela, this time aimed at oil shipments between Venezuela and Cuba, a country that the administration has accused of propping up Mr. Maduro’s authoritarian government. In a speech to the Venezuelan exile community in Houston, Vice President Mike Pence annou...

Not violated any sanctions, purchased oil from Venezuela in full knowledge of US authorities: Reliance Reliance has purchased Venezuelan crude oil from companies such as (Russia's) Rosneft long before the imposition of the US sanctions, as they do get title to Venezuelan oil in return for reduction in their prior debt. twitter-logo PTI   New Delhi     Last Updated: April 20, 2019  | 13:08 IST Not violated any sanctions, purchased oil from Venezuela in full knowledge of US authorities: Reliance Reliance had last month stated that it had stopped all oil exports to US sanctions-hit Venezuela and will not resume sales until sanctions are lifted. WE RECOMMEND How to flash Android Q Beta Google launches entry-premium Pixel 3a, Pixel 3a XL, prices start at Rs 39,999 MORE FROM THE AUTHOR Rahul Gandhi responsible if Modi comes back to power, Cong harming opposition: Kejriwal Ker HC says authorities to decide on allowing tusker in Pooram festival Reliance I...

Reliance says not involved in any cash payment arrangement to Venezuela's PDVSA for oil 2 MIN READ A worker collects a crude oil sample at an oil well operated by Venezuela's state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins/Files MUMBAI (Reuters) - Reliance Industries denied involvement in any arrangements that lead to cash payments for oil supplies to Venezuelan state oil company PDVSA via third parties, and said it is not in violation of any U.S. sanctions, according to a statement from India’s giant oil refining company on Saturday. Venezuela’s President Nicolas Maduro is funneling cashflow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to oust him from power, according to a Reuters story published on Thursday. The story was based on sources and documents reviewed by Reuters. One internal PDVSA document indicated shipments of Venezuelan oil to Reliance in A...

Aware of sanctions, bought Venezuelan oil with full approval of US: Reliance 2 min read . Updated: 20 Apr 2019, 01:42 PM IST PTI Reliance has bought Venezuelan crude oil from Rosneft long before the imposition of the US sanctions Reliance has made all the purchases with the full knowledge and approval of the US, says company Topics Reliance IndustriesVenezuelan oil New Delhi: Reliance Industries Saturday said it is not in violation of the US sanctions on Venezuela and had purchased crude originating from the Latin American nation from companies such as Russia's Rosneft in full knowledge of US authorities. In a statement, Reliance said reports suggesting that it was involved in an arrangement that leads to cash payment for oil supplies to Venezuelan national oil company PDVSA via third parties are "false and reckless". "Reliance has purchased Venezuelan crude oil from companies such as (Russia's) Rosneft long before the imposition of the US sanctions,...

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