The E.U’s proposed ban on Russian oil (opposed by some members, especially Hungary) will throw up some interesting dilemmas, the first of course is which oil-rich state will step into the breach? Many eyes will fall upon Saudi Arabia, whose murderous regime—and murderous war in Yemen—may, as before be largely ignored. And the Saudis are probably laughing all the way to the bank at the moment, so would they want to keep oil prices down by upping their production? Bin Salman has a lot to thank Putin for. Another country not so far mentioned as providing the alternative supply is Venezuela. This would be complex. According to Google “The EU Council has renewed its sanctions regime against Venezuela for 1 year until 14 November 2021 in light of the “persistent actions undermining democracy, the rule of law and respect for human rights” in Venezuela. 36 officials are currently subject to an asset freeze and travel ban under the regime.” Bit of a conumdrum, eh? I think we may hear soon about renewed attempts for regime change in Venezuela. Like a U.S. backed coup attempt.
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