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Venezuelan oil joint ventures switch to Russian bank

12 February 2019

The United States last month recognized Guaido as Venezuela's legitimate leader after he declared himself president.

Venezuelan doctors protested Sunday at the entrance to a bridge blocked by their nation's military to demand that humanitarian aid be allowed to enter, as opposition leader Juan Guaido acknowledged the conflict over the food and medical supplies could lead to clashes. Maduro still retains the crucial backing of the country's military top brass, who control the repressive apparatus created to protect the regime's authority and crush political dissidents by force. "They are waiting for that", Tarre said, noting that the aid is being provided by NGOs.

PDVSA also ordered its Petrocedeno joint venture with Equinor and Total to halt extra-heavy oil output and upgrading due to a lack of naphtha needed to dilute production, as sanctions prohibited US suppliers of the fuel from exporting it to Venezuela.

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"Get out Donald Trump, get out his threats!", Maduro said. "There are sanctions against corrupt officials and thieves", Guaido told RT Spanish in an exclusive interview, dismissing any notion that USA sanctions and years of economic and political pressure on Caracas might have contributed to the deteriorating socio-economic situation in Venezuela.

"There are people responsible for this and the regime knows it". The United States has since been joined by a majority of Western nations.

PDVSA's move comes after the United States imposed tough, new financial sanctions on January 28 aimed at blocking Venezuela's President Nicolas Maduro's access to the country's oil revenue.

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There has been no sign of the aid that is being stockpiled in Cucuta leaving the warehouse.

"They are going inside Venezuela and they will have food and drugs".

Responding to a question on possible Russian military assistance to Venezuela, Shchetinin said no such request had been voiced by Caracas.

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"(Guaido) will announce the day when, from Colombia, from the islands by sea, and from Brazil the humanitarian aid will arrive simultaneously", Toledo said.

Venezuelan oil joint ventures switch to Russian bank