Sanctions on Venezuelan oil mean refiners can't pay Maduro government
Washington Post:
Trump administration announces sanctions targeting Venezuela’s oil industryThat would be bad news for Russia and China which have liens on Venezuelan assets as a result of loans to the socialist government. That is also why Russia continues to back the failed regime.
U.S.-based Citgo and oil refiner Valero will be able to continue importing crude as long as payments do not go to the government of Nicolás Maduro.
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