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New U.S. sanctions on traders choke Venezuela's oil exports


New U.S. sanctions on traders choke Venezuela’s oil exports
By Lucia Kassai on 3/2/2021
Tanker at Venezuelan oil export terminal
(Bloomberg) Venezuela oil exports dropped in February after the U.S. sanctioned key trading houses and individuals that had been propping up exports of the commodity that bankrolls President Nicolas Maduro’s regime.
Crude shipments fell to 418,857 barrels a day in February, a 13% drop from January, according to shipping reports and ship-tracking data compiled by Bloomberg. In mid-January the U.S. blacklisted Maltese trading company Elemento Limited and Geneva-based Swissoil Trading SA for facilitating Maduro’s attempts to circumvent U.S. sanctions. ....

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