Shipspotter Stahl
The day prior, Donald Trump mandated a "full and total blockade" of all sanctioned oil tankers going to or coming from Venezuela. He also labeled the existing Venezuelan government a foreign terrorist organization.
Venezuelan economist Asdrúbal Oliveros remarked on national radio yesterday that the loss of access to these tankers would result in a $8 billion reduction in the country’s yearly oil revenue.
The economist states that Venezuelan tankers facing US sanctions mostly engage with Asian buyers, who use cryptocurrency to pay for oil and petroleum products.
Reports indicate that certain sanctioned tankers have diverted from their original paths to evade US Navy vessels, which captured one ship last week. As reported by the expert site TankerTrackers.com, approximately 75 tankers are presently in Venezuelan waters, with half of them being blacklisted by the US Treasury Department. Typically, around twenty-four of them are utilized for crude oil exports.
source: wsj.com
Venezuelan economist Asdrúbal Oliveros remarked on national radio yesterday that the loss of access to these tankers would result in a $8 billion reduction in the country’s yearly oil revenue.
The economist states that Venezuelan tankers facing US sanctions mostly engage with Asian buyers, who use cryptocurrency to pay for oil and petroleum products.
Reports indicate that certain sanctioned tankers have diverted from their original paths to evade US Navy vessels, which captured one ship last week. As reported by the expert site TankerTrackers.com, approximately 75 tankers are presently in Venezuelan waters, with half of them being blacklisted by the US Treasury Department. Typically, around twenty-four of them are utilized for crude oil exports.
source: wsj.com