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Friday, December 15, 2017

Venezuela refused to publish prices for its oil in US dollars


Venezuela has started to publish prices for their oil in yuan instead of us dollars. At this step, the country was forced to go due to the imposed administration trump sanctions. This was stated on Friday, the President of the Republic Nicolas Maduro at a meeting with members of the Cabinet of Ministers and the Constitutional Assembly.

“We already sell oil and all of our products using a currency basket, and has already determined the price of oil … in the yuan,” said Maduro.

Sanctions . Chronicle of events
source

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