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Euronews
Euronews
Una Hajdari

Venezuela hands the US control over a fifth of its oil in landmark deal

Venezuela's National Assembly approved a deal on Tuesday handing the United States control of about one-fifth of the country's oil reserves, cementing Washington's grip on a government it helped install after toppling Venezuelan President Nicolás Maduro in January.

US officials defended the multibillion-dollar agreement on Tuesday, saying it would lower oil prices for Americans and counter Russian and Chinese influence on Washington's doorstep.

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