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.
- Read More: Venezuelan Oil Ships Stranded at Sea Because PDVSA Can’t Pay Port Fees
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This media outlet also pointed out, “oil represents nearly all…