The easing of US sanctions against Caracas will not in any way affect cooperation with Russia in the oil and gas sector. Venezuelan Foreign Minister Ivan Gil Pinto spoke about this, according to reports RIA News.
According to the minister, Russia and Venezuela have direct bilateral cooperation in this field. Caracas plans to continue working with Russian companies, which have become reliable partners in many projects.
Previously, the US Treasury Department had issued licenses allowing some operations in the country’s oil and gas sector after the resumption of negotiations between Venezuelan officials and the opposition.
Venezuelan President Nicolas Maduro called this the first step towards the consistent lifting of all American sanctions that Venezuelans insist on.
According to Caracas’ estimates, it is estimated that Venezuela suffered a loss of 232 billion dollars in oil production due to sanctions, and the total loss is estimated to be 642 billion dollars.
Before that Russia and Venezuela reported About the intention to return to the previous level of oil production.
Previously Venezuelan officials perceived US resistance to improving relations.