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Quarantine on Venezuelan Oil Framed as Leverage to Curb Corruption and Security Threats
Summary
An unidentified speaker described the U.S. quarantine on sanctioned Venezuelan oil shipments as leverage to force reforms, saying oil revenue is diverted by regime elites and that sanctioned vessels may be seized under court order until changes occur.
An unidentified speaker defended the continuing U.S. quarantine and sanctions on Venezuelan oil shipments as necessary leverage to pressure a regime that, the speaker said, relies on oil revenues while ordinary Venezuelans see little benefit.
The speaker said the Venezuelan economy is “fueled by oil” and described its petroleum sector as outmoded and in need of significant overhaul. “None of the money from the oil gets to the people. It’s all stolen by the people that are…
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