All articles tagged with #us sanctions
The Economist argues that a Trump-brokered deal to restart Venezuela’s oil flow and funnel earnings into a US-controlled escrow is unlikely to succeed without democratic change. Sidelining opposition leader María Corina Machado risks reinforcing the kleptocratic regime, which remains Venezuela’s core obstacle even as production and storage rebound under sanctions.
An in-depth profile of Diosdado Cabello, the regime’s security chief nicknamed the Octopus, who controls police, prisons and party networks and wields outsized influence behind Nicolás Maduro. With U.S. sanctions and a $25 million bounty on his head, Cabello faces a delicate balancing act: projecting enough force to deter opponents without provoking a new U.S. strike as rival leaders around Delcy Rodríguez consolidate power and the Cartel of the Suns network intensifies scrutiny.
President Trump signed an executive order to prevent courts and creditors from seizing Venezuelan oil revenue held in U.S. accounts, citing national security and foreign policy concerns, amid efforts to stabilize Venezuela's economy and attract U.S. investment in its oil sector.
The article discusses Cuba's worsening economic crisis exacerbated by US seizures of Venezuela-linked oil tankers, raising fears of social unrest, mass migration, and potential regime instability amid ongoing US sanctions and political tensions.
The Venezuelan currency has sharply declined due to the country's economic struggles exacerbated by US sanctions, leading to a severe financial crisis.
Russian oil production significantly decreased in December by over 100,000 barrels per day due to US sanctions impacting export sales, marking the largest drop since mid-2024, with difficulties in selling crude overseas and potential effects from Ukrainian airstrikes on production facilities.
The article discusses how Donald Trump's actions regarding Venezuela could pose a threat to China's oil supplies, highlighting the geopolitical implications of US sanctions and policies in the region.
Canadian Prime Minister Mark Carney reassures that Venezuela's increased oil production poses no threat to Canada's low-cost, low-carbon oil industry, emphasizing Canada's focus on diversifying exports and maintaining its market stability despite geopolitical tensions and US sanctions on Venezuela.
Venezuela's debt rally follows the US capture of Maduro, but restructuring over $150 billion owed to various creditors faces significant hurdles due to political instability, US sanctions, and complex creditor web, making a resolution a long-term challenge.
Chinese buyers are avoiding Venezuelan crude due to US sanctions, leading to higher offers and reduced exports, with Venezuela's Merey crude offered at a smaller discount compared to previous months, while Chinese demand remains subdued amid ample supplies and floating storage of sanctioned oil.
The article discusses the potential rise of Delcy Rodríguez as Venezuela's leader, supported by US and international oil interests who see her as a stabilizing figure capable of reviving Venezuela's oil industry amidst ongoing sanctions and political turmoil, with the US endorsing her to lead the country temporarily.
European energy companies Eni and Repsol are struggling to recover $6 billion in gas payments from Venezuela due to US sanctions and policy restrictions, leading to ongoing supply without payment and unresolved debts, amid limited US government support for resolving the issue.
President Trump indicated that the U.S. may support rebuilding Venezuela's oil infrastructure over a period of less than 18 months, signaling a long-term presence in the country following the recent arrest of Nicolás Maduro, and emphasizing a strategic interest in Venezuela's oil reserves and potential influence over its political situation.
Venezuela has launched a wave of repression following the US seizure of Nicolás Maduro, escalating tensions and political instability in the country.
Investor Michael Burry suggests that the US-led regime change in Venezuela could weaken Russia's influence by increasing Venezuelan oil production, potentially lowering global oil prices and impacting Russia's economy, especially given its reliance on oil revenues for its war efforts in Ukraine.