November 05, 2024 19:25 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
Maduro forced to negotiation table by US sanctions: Trump
Source Donald Trump on Twitter

Maduro forced to negotiation table by US sanctions: Trump

| @indiablooms | 30 Jan 2019, 03:02 pm

Washington DC, Jan 30 (IBNS): US President Donald Trump has claimed Venezuela President Nicolas Maduro has been forced to seek diplomatic solutions following US sanctions on the country's state-owned oil company PDVSA.

"Maduro willing to negotiate with opposition in Venezuela following U.S. sanctions and the cutting off of oil revenues. Guaido is being targeted by Venezuelan Supreme Court," tweeted Trump.

"Massive protest expected today. Americans should not travel to Venezuela until further notice," he added.

The oil ban by the US will have an impact of other importers of Venezuela's oil, including India, that was the third largest importer of oil from the South American country after USA and China.

According to a Bloomberg report, India brought 340,000 barrels of crude oil a day on an average last year from Venezuela. Reliance and Nayara Energy, which have the technology to convert the thick Venezuelan crude into high-grade fuel can benefit from the excess availability of oil in the country.

How China reacts to the development economically is yet to be seen.

Politically, China believes that Venezuela's affairs must and can only be decided by the its own people, state-run Xinhua news agency quoted a Chinese Foreign Ministry spokesperson as saying.

India's foreign minister spokesperson Raveesh Kumar made a similar statement: "It is for the people of Venezuela to find a political solution to resolve their differences."

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.