Business & Economy

Russia lifts the embargo on Venezuela!

An oil tanker belonging to the Italian company Eni is preparing to transport the first batch of Venezuelan oil towards Europe, more than two years after the last shipment was transported.
This development comes after the United States of America allowed the Italian oil companies Eni and Spain’s Repsol to transport Venezuelan oil to Europe, against the backdrop of the Russian-Ukrainian war, and the suspension of energy supplies from Russia to some European countries that refrained from paying in rubles for imports.
The tanker weighs 650,000 barrels, while a second tanker belonging to Eni is also heading to Venezuela to carry two million barrels to Europe.
This development comes to help Venezuela to rise again after its economy is close to collapse completely.

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