Tagged: venezuela

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Venezuela Skirts U.S. Sanctions With Chinese Oil-For-Cash Loans

By Zainab Calcuttawala Oil-for-loan deals between Beijing and Caracas are preventing American sanctions from having their full effect on Venezuela’s economy, according to David Malpass, U.S. treasury under-secretary for international affairs. “Most of the blame...

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Venezuela, rich in oil, has run out of gas

“Gentlemen: there is no more gas in Venezuela. In Venezuela, we have run out of gas. In Venezuela, there is no gas oil. In Venezuela, there are no lubricating oils, “said Ivan Freites at...