(TruthandLiberty.com) – As the Russian invasion of Ukraine intensifies, the United States and Western allies are exerting increased economic pressure on Russia. With the Biden administration and several European nations locking Russian oil out of the marketplace, fuel prices are rising too fast for consumers to keep up with the changes. Recently, President Biden said he would do everything in his power to keep gasoline prices from spiking.
It appears the president plans to ask Saudi Arabia, Iran and Venezuela to open their oil taps further to supply the market with Russia’s lost oil supplies. On Monday, March 7, White House Press Secretary Jen Psaki walked a tightrope with media outlets as the administration consulted Venezuela about easing sanctions on oil production. They hope to replace Russian oil and guarantee freedom for US service members who Venezuela detained in 2019. Psaki tried to separate the two issues and said each one had its own path to resolution.
White House grilled over plan to ease Venezuelan oil sanctions in exchange for release of detained Americanshttps://t.co/272X8kPdBd
— The Post Millennial (@TPostMillennial) March 8, 2022
US officials visited socialist Venezuela, Russia’s most significant ally in Latin America, for the first time in years. Some US Senators are expressing reservations about negotiating with the socialist country. Some voiced concern Venezuela would use US citizens as bargaining chips in oil sanction relief. Sen. Bob Menendez (D-NJ) openly opposes the move, calling Venezuelan President Nicolas Maduro a cancer and saying the US shouldn’t breathe new economic life into his regime.
Could this latest move lead to even more problems in the future?
Copyright 2022, TruthandLiberty.com