Another duplicity and bullying tactics of the West and in particular US and EU.
Italian oil company Eni SpA and Spain's Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people familiar with the matter said, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions on Venezuela.
www.reuters.com
The freaks in their confused foreign policies have now allowed US sanctions on Venezuela to be lifted so it can export oil to EU.
The U.S. State Department gave the nod to the two companies to resume shipments in a letter, the people said. U.S. President Joe Biden's administration hopes the Venezuelan crude can help Europe cut dependence on Russia and re-direct some of Venezuela's cargoes from China. Coaxing Maduro into restarting political talks with Venezuela's opposition is another aim, two of the people told Reuters.
This is Western democracy. Weaponising sanctions to sovereign nations on what they can do and can't do?
A key condition, one of the people said, was that the oil received "has to go to Europe. It cannot be resold elsewhere."
Washington believes PDVSA will not benefit financially from these cash-free transactions, unlike Venezuela’s current oil sales to China, that person said. China has not signed onto Western sanctions on Russia, and has continued to buy Russian oil and gas despite U.S. appeals.
The authorizations came last month, but details and resale restrictions have not been reported previously.
So if you are a strong independent sovereign nation like Russia, China and India you can tell uncle Sam and the West where they can stick their sanctions.
If you are small and weak well then you simply have to put up with their very selective interpretation of democracy.
