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Venezuela’s Oil Rival Calls For Full U.S. Sanctions

OilPrice.com Friday, 10 November 2017
Argentina’s President, Mauricio Macri, has called on the United States to install a full embargo on Venezuelan oil shipments. In an interview for the Financial Times, Macri said that the social situation in Venezuela is rapidly deteriorating and more decisive measures are needed to topple the Nicolas Maduro government. It’s been said before more than once that a total oil embargo against Venezuela would hurt Gulf Coast refiners in a bad way, which is perhaps the only reason why it has not been used so far and remains unlikely…
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News video: US Sanctions on Venezuela: 'Attempt to Destroy the Economy'

▶ US Sanctions on Venezuela: 'Attempt to Destroy the Economy' 15:51

Venezuela's recession is making it difficult for the country to meet its debt payments, but US sanctions are making a difficult task almost impossible explains CEPR's Mark Weisbrot

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