Venezuelan oil production will drop further as a result of the sanctions. They will have to sell oil at more of a discount, and there will be impact on cash flow. Venezuela will have to find new suppliers for light oil for blending. How difficult it will be to receive oil and cash from other places beyond the U.S. also remains unclear.
The Dialogue is a hemispheric organization that builds networks of cooperation and action to advance democratic resilience, shared prosperity, social inclusion, and sustainable development across the Americas. We impact policy debates, devise solutions, and enhance collaboration to unlock meaningful change in the Western Hemisphere.
Inter-American Dialogue
1155 15th Street NW | Suite 800
Washington, DC 20005
P: +1-202-822-9002
F: +1-202-822-9553
