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Tag Archives: Venezuelan oil

Vladimir Rodzianko — Oil-rich Venezuela is abandoning the US petrodollar, plans to introduce new international payment system

In an address to a new legislative superbody, Maduro said:  “I am announcing that Venezuela intends to introduce a new international payment system and to create a currency basket for the liberation from the dollar and, [we intend] to free ourselves from the clutches of the dollar, the currency that is strangling our country.”  “If they pursue us with the dollar, we’ll use the Russian rouble, the yuan, yen, the Indian rupee, the euro,” Maduro said.... Another wipe at what's left of...

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The Battle for Venezuela and Its Oil — Jeremy Scahill interviews Eva Golinger

Backgrounder. EG: Because while there is a state reaction taking place, there is repression with tear gas and rubber bullets, you’re not seeing the other side of it, which is that those are not exactly peaceful democratic protests. There are smaller factions. I mean, there are parts of the opposition in Venezuela that act within a democratic framework, but there is a very violent faction that’s gotten out of control. It’s anarchical. I mean, they where they’re using Molotov cocktails,...

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