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Venezuela desires oil trade with India in rupees category
May 23, 2018

Venezuela desires oil trade with India in rupees

Desperate to find a way around US sanctions, Venezuela is keen on doing the oil business with India in rupees. Venezuelan ambassador to India, Augusto Montiel said that the US sanctions have hampered oil production in Venezuela and criticized them for "interfering" in its personal affairs. If Venezuela starts accepting payments in Indian rupees, the country will in turn use them to trade for Indian food products and medicine.

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