• Friday, August 23, 2019

U.S. warns India purchase of Venezuelan oil under dictator Maduro 'will not be forgotten'

Discussion in 'Central & South Asia' started by Jyotish, Feb 14, 2019.

  1. Jyotish

    Jyotish SENIOR MEMBER

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    US warns India purchase of Venezuelan oil under dictator Maduro 'will not be forgotten'

    IANS

    FEB 14, 2019

    The hardline US National Security Adviser John Bolton has issued a warning to India against buying Venezuelan oil, saying it "will not be forgotten" and that Venezuela's Foreign Minister Jorge Alberto Arreaza has countered that it was an attempt to impose Washington's global "dictatorship".

    Bolton tweeted on Tuesday: "Nations and firms that support (Venezuelan President Nicolas) Maduro's theft of Venezuelan resources will not be forgotten", and displayed with it a news story about Venezuelan Oil Minister Manuel Quevedo visiting India to sell more oil.

    His tweet continued with the warning: "The US will continue to use all of its powers to preserve the Venezuelan people's assets and we encourage all nations to work together to do the same."

    President Donald Trump's administration and its allies have recognized opposition leader and National Assembly President Juan Guaido as the Latin American nation's President and have called on Maduro to quit.

    The US does not consider that Maduro's government has the right to sell the country's oil -- and hence, calls the oil exports "theft".

    Reacting to Bolton at a news conference here, Foreign Minister Arreaza, who represents Maduro, said: "What he (Bolton) is trying to do here is give orders. This is a dictatorship that they are trying to impose on the world. Unilateralism at its maximum expression."

    He asserted that because of Bolton's attitude "there was a rebellion against this, this dictatorship" at a meeting of the representatives of the Non-aligned Movement earlier Tuesday at the UN.

    Bolton made a similar threat against India buying oil from Iran when Trump placed a more stringent international trade embargo on Tehran last year after withdrawing from a nuclear disarmament agreement made with it and five other countries.

    However, Trump gave India a temporary exemption from the embargo, which carried economic penalties for violations.
    Facing an embargo on its oil exports by the US and most western countries, Venezuela is trying to increase sales to India and other countries.

    Venezuelan Oil Minister Manuel Quevedo, who is in New Delhi to attend the Petrotech 2019 trade event, told reporters there on Monday that his country wanted to double the current oil exports of 340,000 barrels per day to India.

    Venezuela is the third largest supplier of oil to India. Reliance Industries and Nayara Energy are its biggest customers.

    Quevedo, who also heads the state oil company Petroleos de Venezuela, met India's Petroleum and Natural Gas Minister Dharmendra Pradhan on Monday.

    Venezuela has the world's largest known reserves of oil estimated at more than 300 billion barrels - bigger than Saudi Arabia's 266 billion barrels.

    India, which is wary of foreign interference in internal affairs, has refused to go along with the US and recognize Guaido as the President and stop dealing with Maduro's administration.

    "India and Venezuela enjoy close and cordial relations. We are of the view that it is for the people of Venezuela to find political solutions to resolve their differences through constructive dialogue and discussion without resorting to violence," External Affairs Ministry spokesperson Raveesh Kumar said last month.

    The simmering dispute over the May 2018 presidential elections, which the US and the Venezuelan opposition say was not fair, erupted into a crisis when the National Assembly on January 10 declared it invalid and Guaido proclaimed himself as the interim President.

    Since then there have been massive protests by supporters of both the government and violence has claimed more than 40 lives, according to the UN. The oil-rich country is also facing a humanitarian crisis with severe shortages of food and medicines.

    At his news conference, Arreaza said the Maduro government was ready to talk with the opposition, but without preconditions.

    "Let's sit down together. We have our Constitution. Let us sit down and engage in dialogue. Let us try to find a solution without any kind of strings attached, or any kind of preconditions," he said.

    Trump has ratcheted up Venezuela to his top foreign policy issue and said that US military intervention was an option. One of the problems for Venezuela's trade is that international banks are coming under increasing international pressure from the US.

    Quevedo told reporters in New Delhi: "How payment is made is for the buyer and seller to decide. It can be in currency, it can be through other transferable methods and channels."

    He floated the idea of a trade group with Venezuela, India, China and Russia whose commerce "doesn't necessarily have to be within the dollar".

    https://www.businessinsider.in/us-w...ill-not-be-forgotten/articleshow/67985879.cms
     
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  2. Jyotish

    Jyotish SENIOR MEMBER

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  3. enquencher

    enquencher FULL MEMBER

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    India should not buy oil from Venezuela.
    We are not in position to take on america.buying oil from iran was nessesary for us cause iran fits in our geopolitical calculus Venezuela is important for usa calculations.
    We should backoff for now
     
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  4. newb3e

    newb3e SENIOR MEMBER

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    sane indian i like it!

    no chest thumping, no supa powa delusion

    nice!
     
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  5. Skull and Bones

    Skull and Bones BANNED

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    We have nothing to do with Venezuela, no point engaging them in either trade or diplomacy.
     
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  6. Aryan0395

    Aryan0395 FULL MEMBER

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    While there is no upside for us to engage with Venezuela and in buying for oil except for discounts, its not worth harming our relations with USA.
    That said, we also need to toe the line on how much USA can influence our relations with other countries, USA is a global power and can be at the center of almost all conflicts, we can't let that influence our relations. It was good that our govt stood up against USA in dealing with Iran and Russia. But this needs to be conveyed to USA.
     
  7. Yaseen1

    Yaseen1 SENIOR MEMBER

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    india is not independent country in its decision making like china and russia so it should not be considered as world power
     
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  8. HariPrasad

    HariPrasad BANNED

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    Idiotic Title. Whatever warning they have given is general in nature and it includes China as well. Why sinle out India.
     
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  9. pahadi

    pahadi BANNED

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    Baniya is always sane...8-)
     
  10. Jyotish

    Jyotish SENIOR MEMBER

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    Because of the tweet John Bolton send.
    It was a response to a news item about Venezuela wanting India to buy oil from them.

    Here is the tweet again:

     
  11. HariPrasad

    HariPrasad BANNED

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    May be but US's warning is targeted to all Nations who wants to buy oil from Venezuela. He has used Plural word "Nations". So though it was in response to Venezuela minister's visit, Tweet is targeted to all aspirants who wats to buty oil from Venezuela.
     
  12. newb3e

    newb3e SENIOR MEMBER

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    lols the chest thumping delusional baboons must be dalits?
     
  13. Jyotish

    Jyotish SENIOR MEMBER

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    Maybe saying 'Nations' is his way of not wanting to name India explicitly, but by adding a news item about the Venezuelan oil minister talking with India, he did want to imply India.

    This is probably (as mentioned in the article) because it would not be the first time that India bought oil from a country (Iran) despite of the sanctions of the United States.

    So maybe it was a warning in advance.
     
  14. newb3e

    newb3e SENIOR MEMBER

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    india is a free country and can buy oil from anyone who is USA to dictate Indias foreign policy!!
     
  15. IceCold

    IceCold PDF VETERAN

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    Now be a good Bitch and do as daddy says. No amount of 36" breast is going to be useful in this scenario.
     
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