US Allows Venezuelan Oil Exports - Media
Italian oil company Eni SpA and Spain’s Repsol SA could start shipping Venezuelan oil to Europe as soon as next month. (Reuters)
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 gave the green light to the two companies to resume shipments hoping the crude from the sanctioned nation can help Europe become less dependent on Russia.
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