Considerable amount of cooperation from India to stop export of Venezuelan oil: UShttps://indianexpress.com/article/business/commodities/considerable-amount-of-cooperation-from-india-to-stop-export-of-venezuelan-oil-us-5649631/

Considerable amount of cooperation from India to stop export of Venezuelan oil: US

As part of its effort to squeeze the Maduro regime, the US had asked countries, including India, across the world to stop importing oil from Venezuela or face American sanctions.

Washington and the recipients of the waivers have not disclosed how much oil they are allowed to import, or under what conditions deals can still be made.
As part of its effort to squeeze the Maduro regime, the US had asked countries, including India, across the world to stop importing oil from Venezuela or face American sanctions. (Representational image)

There has been a considerable amount of cooperation from India on the US efforts to restrict export of Venezuelan oil, a top American diplomat said Friday as the Trump administration tightened its noose over the authoritarian regime of the Latin American country.

“I would say that we have had contacts with Indian companies and with the government of India, and that we have found there to be a very considerable amount of cooperation, which we are very happy to see,” US Special Representative for Venezuela Elliott Abrams told reporters at a news conference.

The Trump administration has recognised opposition leader Juan Guaido as oil-rich country’s interim leader against President Nicolas Maduro.

As part of its effort to squeeze the Maduro regime, the US had asked countries, including India, across the world to stop importing oil from Venezuela or face American sanctions.

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Several Indian companies have stopped importing oil from the country.

In recent weeks, the Trump administration has appreciated Indian cooperation in this regard.

Early this month, the Venezuelan Oil Ministry had said that it has suspended export of oil to India.