Chinese firm defies US sanctions, ships Venezuelan oil to offset debt

Defying US sanctions against Caracas, China has assigned a defense firm to ship millions of barrels of Venezuelan oil​​​​​​​ as part of a deal to offset the sanctions-battered Latin American country's debt to Beijing.

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Aug 26, 2022 - 12:00
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Chinese firm defies US sanctions, ships Venezuelan oil to offset debt
Defying US sanctions against Caracas, China has assigned a defense firm to ship millions of barrels of Venezuelan oil​​​​​​​ as part of a deal to offset the sanctions-battered Latin American country's debt to Beijing.