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Weekly Report - 27 March 2025 (WR-25-12)

US threatens 25% tariffs on buyers of Venezuelan crude

­­The complex story of US economic sanctions against Venezuela took a new turn this week, with Washington both extending a waiver that allows the US energy giant Chevron to continue oil production in the country for another month, while at the same time announcing the imposition of new punitive measures against countries that buy Venezuelan oil, in the shape of a new 25% import tariff.

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