India Becomes Fifth Largest Crude Oil Importer from Venezuela
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#b0e70a32 ver:0.22
Trade between Venezuela and the United States grew by 127% in 2023, reaching $6.09 billion, the highest level since 2019. This growth is attributed to the license granted by the US to Chevron and the easing of sanctions after the signing of the Barbados agreements. Venezuela's imports from the US increased by 10.2%, while its exports grew by almost 770%, with 90.8% being oil exports. However, the lifting of sanctions is temporary, and commercial exchanges between the two nations will be affected by the renewal of licenses. The US has warned of reimposing sanctions if the government of Nicolás Maduro does not take steps towards democratic elections. There are two scenarios for 2024: continued growth or a return to 2020 levels of trade. María Corina Machado, an anti-Chávez leader, is disqual...
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