The United States is pressing India to stop buying Venezuelan oil that is a majo...
- The United States is pressing India to stop buying Venezuelan oil that is a major source of revenue for President Nicolas Maduro’s government, Washington’s top envoy for Venezuela said, as the Trump administration this week threatened more U.S. sanctions to cut off Maduro’s financial lifelines.
Washington views Guaido as Venezuela’s legitimate leader and has imposed sanctions on the country’s oil sector and announced asset freezes and travel bans targeting top government officials. The United States is planning to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.U.S. sanctions typically block American firms from doing business with specific foreign governments or companies.
U.S. National Security Advisor John Bolton this week put foreign banks “on notice” that they risked U.S. sanctions for hiding Venezuelan assets.Asked whether India had agreed to stop buying Venezuelan oil, Abrams said: “I don’t want to characterize the discussions, which continue.” That was well off the more than 400,000 bpd India used to import, on average, and not nearly enough to make up for the drop in U.S. imports to 104,800 bpd in February from more than 500,000 bpd before the sanctions hit.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. tries to safeguard Afghan peace push from India-Pakistan crisisThe United States is trying to prevent simmering tensions between India and Paki...
Read more »
An image casts doubt on India airstrike claims - Reuters TVHigh-resolution satellite images reviewed by Reuters show that a religious school run by Jaish-e-Mohammad in northeastern Pakistan appears to be still standing days after India claimed its warplanes had hit the Islamist group's training camp on the site and killed a large number of militants.
Read more »
Exclusive: Philip Morris paid for India manufacturing despite ban on foreign investment – documentsEXCLUSIVE: Philip Morris paid Indian partner Godfrey Phillips manufacturing costs to make its Marlboro cigarettes, circumventing a government ban on foreign direct investment in the industry - documents by AdityaKalra
Read more »
Pakistan cracks down on militant apparatus – Pakistan-IndiaEighteen people were injured on Thursday when a grenade exploded at a bus stop in the disputed territory of Jammu and Kashmir.
Read more »
Trump missing in action in Pakistan-India crisis, ex-diplomats sayAnalysis: Instead of playing role as mediator, U.S. tilts to India amid growing impatience with Pakistan and its alleged links to extremists.
Read more »
U.N. rights chief warns India over divisive policies, harassment of MuslimsU.N. human rights chief Michelle Bachelet warned India on Wednesday that its &qu...
Read more »
Volkswagen India says will contest green court's $71 million penaltyVolkswagen will challenge a ruling by an Indian environment court that imposed a...
Read more »
Militant bus attack in north India kills one, wounds 32: policeA grenade explosion orchestrated by a Pakistan-based militant group at a bus sta...
Read more »