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GatoGordo

(2,412 posts)
Sun Jan 28, 2018, 05:59 PM Jan 2018

Nicaragua ends exports to Venezuela

AFP: US sanctions paralyze exports from Nicaragua to Venezuela
Friday, January 26, 2018 at 2:27 p.m.

Washington imposed economic sanctions on PDVSA in August and prohibits US citizens or companies from maintaining commercial or financial relations directly or indirectly with the Venezuelan oil company.

Nicaragua's exports to Venezuela, two political allies, were virtually reduced to zero by US sanctions on the South American country, Nicaraguan trade sources said.

"Until last October there were (commercial) transactions but it was at the end of that month that this changed, at this time (exports) are paralyzed, there is no intention of selling to Venezuela this year," the Association's manager told AFP. of Producers and Exporters of Nicaragua (APEN), Mario Arana.

Sales of food, tobacco and rum stopped since October, after the United States imposed sanctions on the state-run oil company Petróleos de Venezuela (PDVSA), which owns 51% of Albanisa shares, the binational agency responsible for the commercial exchange between the two countries, Arana said.

http://contrapunto.com/noticia/sanciones-de-eeuu-paralizan-exportaciones-de-nicaragua-a-venezuela-183213/

Not an issue. Maduro says that the crisis that you read about in the mainstream news sources is US propaganda. Entirely made up. Venezuela is awash in food, medicine and whatever else the population needs. Besides, he says these "sanctions" have zero effect on Venezuela. A "double non story" by Maduro's accounting...
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7962

(11,841 posts)
1. Ah, the "Revolution" continues to fester into the cesspool that it was destined to be!
Sun Jan 28, 2018, 06:06 PM
Jan 2018

At SOME point, the people will rise up and take back their country from the worthless Chavistas

 

GatoGordo

(2,412 posts)
3. If the common man is suffering
Mon Jan 29, 2018, 07:32 AM
Jan 2018

It is because of Chavismo.

Closing Venezuela's already worthless line of credit (VZ has already defaulted on their loans to Corpoelec and PdVSA... they couldn't get a loan from a payday lender) and sanctions on 40 Chavista apparatchiks? Those sanctions?

No, the blame rests at Maduro and Cubas feet.

Besides, Nicaraguas biggest trading partner is the United States, who pays for Nicaraguan exports in REAL MONEY that has REAL VALUE. Apparently, that is more meaningful to Nicaraguan exporters than Danny Ortega's political ties to the corrupt Chavista regime.

DetlefK

(16,423 posts)
4. By that logic we shouldn't put sanctions on North Korea.
Mon Jan 29, 2018, 02:16 PM
Jan 2018

Because our sanctions make the common people of North Korea suffer.

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