– Washington’s envoy for Venezuela said on Thursday he was hopeful that the European Union will impose sanctions against Caracas “in the coming months” amid stalled talks to resolve the country’s political crisis.
“If the negotiations fail they will impose sanctions,” Abrams said, adding, “In our view that is probably a mistake because if they were imposing sanctions now… there would be a better chance for negotiations to succeed.”“The talks are in hiatus,” he said. “They have not met for several weeks and there is no date yet set” for talks to resume.
Maduro calls Guaido a US puppet and retains control of the military and state institutions despite Venezuela’s economic collapse and US sanctions on the state oil company and central bank. Trading sources and Refinitiv Eikon data showed Rosneft became the biggest buyer of Venezuelan crude in July and the first half of August.“We believe Rosneft is buying that oil at a very significant discount from Venezuela and likely selling refined products at a very significant mark up,” said Abrams.
China’s crude imports from Venezuela plunged 40% in July from the previous month, according to Chinese customs data.
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