Venezuelan Ambassador to India Augusto Montiel on Tuesday launched a scathing criticism against the United States for interference in his country’s domestic politics.<\/p>\n
The US has termed as sham presidential elections held in the Latin American country on May 20 that returned Nicolas Maduro to power for a second six year term. Washington DC has imposed fresh sanctions against Maduro’s regime even as the country’s economy is crumbling and it faces a food shortage.<\/p>\n
The Ambassador accused the Trump administration of blockading ships carrying medicine supplies into Venezuela from countries like India. Montiel said US arm twisting led 14 countries, including Brazil and Argentina, to recall their ambassadors after Maduro’s win. He stressed that sanctions have led to fall in Venezuelan oil production and is impacting trade with countries like India.<\/p>\n
“ONGC and Oil India are in conversation with Venezuela Petroleum to increase production of oil and find ways to bypass the harmful sanctions,” said the Ambassador in a media interaction at the Press Club of India.<\/p>\n
Venezuela’s export of oils to India has fallen from 4 lakh barrels per day to 2.8 lakh barrels per day in the last year according to Montiel.<\/p>\n
With banking payment channels facing sanctions heat, Venezuela similar to Iran is also keen to trade with India in rupees for services and products. Maduro cancelled his visit to India for the International Solar Alliance in March citing political situation back home. He was instead represented by his Foreign, Finance and Petroleum Ministers who in their discussions with Indian counterparts talked about securing oil and non-oil trade.<\/p>\n
Montiel informed that Caracas government had decided to pull out its dollars from American banks as it faced a freeze and transfer to European ones. But Euroclear, a financial company also reportedly refused to release $1.2 billion towards payments of medicine imports into Venezuela a fortnight ago.<\/p>\n","protected":false},"excerpt":{"rendered":"
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