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04.02.26 - 22:39
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Trump Signals Openness To China, India Investing In Venezuela′s Oil, While Tightening Rules (ZeroHedge)
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Trump Signals Openness To China, India Investing In Venezuela's Oil, While Tightening Rules
Authored by Sean Tseng via The Epoch Times,
President Donald Trump says he is open to China and India investing in Venezuela's oil sector, but new U.S. rules show that any reopening of Venezuela's oil trade will come with strict legal and financial conditions designed to keep Washington firmly in control.
Speaking to reporters aboard Air Force One on Jan. 31, Trump said China is “welcome to come in and we'll make a great deal on oil.” He also said the United States is working with India on a plan to buy Venezuelan crude instead of oil from Iran, adding that the basic “concept” has already been agreed upon.
Those remarks came as the U.S. Treasury Department rolled out a new Venezuela-related oil license that lays out who can participate, how money moves, and where disputes are settled.
Together, Trump's remarks and the new rules point to a cautious reopening of Venezuela's oil trade—one t...
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04.02.26 - 20:15
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Putin Touts Energy Ties With China, While India Still Dodges Issue Of Russian Oil Ban (ZeroHedge)
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Putin Touts Energy Ties With China, While India Still Dodges Issue Of Russian Oil Ban
Russian President Vladimir Putin and Chinese President Xi Jinping held a video link call on Wednesday, wherein Putin hailed Russia's energy relationship with China as "strategic" while emphasizing that Beijing has become Moscow's top buyer of oil and gas since the Ukraine 'special military operation' began.
The timing is the most notable aspect, given the call came just two days after Trump announced he would cut tariffs on Indian goods in exchange for New Delhi halting purchases of Russian crude. Trump also said Washington could lift an additional 25% penalty tariff imposed over India's energy cooperation with Moscow.
The curious thing is the lack of confirmation of the oil purchase cutoff from the Indian side. As yet, there's no clear indicator that this key element in the Modi-Trump deal has been ratified. On Wednesday FT reports India hails Donald Trump 'deal' but ducks discussing Russi...
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