01:16 GMT07 August 2020
Listen Live
    Get short URL

    Previously, Bloomberg suggested that Caracas shipped 620,000 barrels a day to India in the first half of February, which is 66% more than the average daily shipments a month earlier

    US Special Envoy for Venezuela Elliott Abrams confirmed that Washington is pressing India to stop buying Venezuelan oil.

    "We say you should not be helping this regime, you should be on the side of the Venezuelan people", Abrams told Reuter, adding that the White House had given the same message to other governments.

    In response, Indian Ministry of External Affairs spokesman Raveesh Kumar stated that New Delhi would ignore US pressure and continue its trade with Venezuela.

    Addressing the political crisis in the Latin American country earlier in February, US National Security Adviser John Bolton had warned that "nations and firms that support Venezuelan President Nicolas Maduro's theft of Venezuelan resources will not be forgotten".

    Washington introduced sanctions against Venezuelan state oil company PDVSA in January, blocking $7 billion in PDVSA assets and pressuring companies to cut ties with the firm until 11 March. The deadline, however, was later extended until 10 May.

    READ MORE: WATCH Huge Fire Engulf Electrical Substation in Venezuela

    The decision was made after opposition leader Juan Guaido declared himself the country's interim president. The United States immediately recognised him as head of Venezuela, with many of its allies following the suit; however, Russia, China, Mexico, Turkey and a number of other countries have supported Nicolas Maduro as Venezuela’s only legitimate president.


    Venezuelan Gov't Making Efforts to Restore Electricity Within Few Hours - Maduro
    'The Only Feasible Path Forward in Venezuela is Through Dialogue' - Prof
    Maduro Says One Venezuelan Energy Facility Suffered Cyber Attack on Saturday
    WATCH Huge Fire Engulf Electrical Substation in Venezuela
    oil supplies, Oil, sanctions, Juan Guaido, Elliott Abrams, Nicolas Maduro, India, United States, Venezuela
    Community standardsDiscussion