Venezuelan President Nicolas Maduro holds talks with Russia's foreign minis...
CARACAS - Venezuelan President Nicolas Maduro holds talks with Russia’s foreign minister on Friday as Moscow continues to support the isolated South American nation’s socialist government despite Washington’s warnings that it may ramp up sanctions.
Assistance from Russia could be decisive for Maduro to boost oil production and restore economic growth after a surprise opening of the economy last year that followed years of hyperinflation and a migration exodus of some 5 million people. And on Thursday, U.S. Special Representative to Venezuela Elliott Abrams warned that Russia’s support for Maduro’s government may “no longer be cost free.”
Though the Trump administration has said it wants to starve Maduro’s government of export revenue, the sanctions include exceptions that allow companies such as U.S. oil producer Chevron to continue buying Venezuelan oil.
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