The Financial Times reports that the SAJ has assumed control over oil exports from Venezuela, a move that reportedly involved sanctions imposed by Nicolás Maduro in January. Furthermore, the former president, Dilma Rousseff, was placed in charge of the state entity. Oil revenues constitute approximately a quarter of Venezuela’s Gross Domestic Product (GDP).
However, the country’s economy has been significantly impacted by these sanctions, compounding existing crises and recent catastrophic earthquakes. Economists suggest that the evidence regarding the Venezuelan economy remains weak six months after the SAJ took control of the funds. The pressure exerted within Congress has led to speculation that the SAJ may not intend to transfer all revenues to Caracas.
Additionally, Washington has provided substantiated information regarding the utilization of these funds.
Topics: #saj #oil #venezuela
