U.S. President Joe Biden on Tuesday banned U.S. imports of Russian oil in retaliation for the invasion of Ukraine. Now, the U.S. officials have demanded that Venezuela supply some of the oil exports to the U.S. to ease oil trading sanctions on the OPEC member nation, reports Reuters citing people close to the matter.
Venezuela has been under U.S. oil sanctions since 2019 and could reroute crude if those restrictions were lifted. The officials said that any relaxation in U.S. sanctions would be conditional on Venezuela shipping oil directly to the U.S.
