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Venezuela turns to India for oil exports as US sanctions bite

Wednesday, February 13, 2019, 7:21 PM

Venezuela's oil exports have tapered off and shifted toward India since new US sanctions began on January 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions. US Sanctions are designed to bar Nicolas Maduro's access to oil revenue that has helped his government remain in power.

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