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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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