Posted inCaribbeanPolitics

U.S. sanctions on Venezuela are affecting Caribbean nations’ ability to pay for oil

For more than a decade, an energy alliance with Venezuela guaranteed a stable flow of oil to desperate Caribbean and Central American nations as they purchased millions of barrels on preferential payment terms from the oil-rich South American nation. The generous deal — 60 percent paid up front, the remainder payable over 25 years at […]

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