Venezuela Owes Several Months of Oil Shipments to Russia and China

(La Radio del Sur)
“These delayed shipments have provided an upfront view of PDVSA’s operation failures and their impact on this socialist nation’s economy.” (

On Thursday, February 9th, Reuters revealed that the Venezuelan state-run oil company PDVSA has not sent oil and fuel that it owes to China and Russia for months.

“Delayed shipments to these crucial political allies and trade partners, which have given Venezuela at least US $55 billion in credit, provide a new vision of PDVSA’s operational failures and its impact on the country’s socialist economy,” Reuters reports.

This media outlet also pointed out, “oil represents nearly all…