China Imports Oil Doctored to Skirt U.S. Sanctions on Venezuela

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  • Bloomberg Markets and Finance published this video item, entitled “China Imports Oil Doctored to Skirt U.S. Sanctions on Venezuela” – below is their description.

    Jan.21 — Millions of barrels of Venezuelan heavy crude, which are embargoed by the U.S., have been surreptitiously going to China. Bloomberg has dug into documents that show the lengths to which some traders will go to disguise the crude’s origin and move it to Asia. Bloomberg’s Jasmina Kelemen reports on “Bloomberg Daybreak: Asia.”

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    In This Story: Venezuela

    Venezuela is a country on the northern coast of South America with diverse natural attractions. Along its Caribbean coast are tropical resort islands including Isla de Margarita and the Los Roques archipelago. To the northwest are the Andes Mountains and the colonial town of Mérida, a base for visiting Sierra Nevada National Park. Caracas, the capital, is to the north.

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