US allows Venezuelan oil exports to Europe – media ...News

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US allows Venezuelan oil exports to Europe – media
The supplies are expected to make up for Brussels’ embargo on Russian oil, Reuters says Italian oil company Eni SpA and Spain’s Repsol SA could start shipping Venezuelan oil to Europe as soon as next month, Reuters reported on Monday. Washington believes Caracas will not benefit financially from these cashless transactions, and that the money will be used to pay Venezuela's debt, according to the report. The US, which has imposed economic restrictions on the Latin American nation, gave the green light to the two companies to resume shipments, Reuters says, hoping that the crude from the sanctioned nation can help

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