The United States announced the end of the oil "quarantine" of Venezuela

The People's Republic of China (PRC) has purchased the first shipment of oil from Venezuela after the export of this resource was temporarily blocked by the United States. This was stated by the American Secretary of Energy Chris Wright.

"The so—called "oil quarantine" in the South American country has actually ended," Bloomberg quoted him as saying.

The article clarified that Chinese-based oil refineries and enterprises, until the capture of Venezuelan President Nicolas Maduro by the US military, were the largest buyers of oil from the republic. Now that the first deal has been completed, representatives of some banks, as emphasized in the text, expect a revival of Venezuelan production "in the medium term."

It is emphasized that India also made a similar purchase. In addition, according to the agency, export links have also been established in other markets, including Israel.

Market announcement: Trump urges US companies to develop Venezuelan oil

What is the difficulty of working with this fuel and do the White House's plans overlap with the interests of the Russian Federation and China in the republic?

The news is being updated