http://www.ibtimes.com/articles/158255/20110606/venezuela-iran-us-oil-sancti
on.htm

 

June 6, 2011 3:36 PM EDT 

Venezuela has frozen its relations with the United States after Washington
hit Venezuela's state-owned oil company with sanctions for providing
gasoline to Iran, according to Press TV, the state-owned Iranian news
network.

Examiner.com said that Caracas "froze" relations with the US on Sunday,
citing a top Venezuelan diplomat.

According to reports, Venezuela's Foreign Minister Nicolas Maduro suggested
that renewing relations with the US might be "impossible."

In Late May, Washington punished Petroleos de Venezuela (PDVSA) for
supplying Tehran with gasoline and other refined oil products. Under the
sanctions, PDVSA cannot receive US government contracts nor get any export
financing from the US.

However, Venezuelan companies can still supply oil to U.S. private
corporations.

Maduro has condemned the sanctions as "illegal, abusive measures taken by
this weak government of the United States." 

Venezuela's Energy Minister Rafael Ramirez, who is also the chief of PDVSA,
said Venezuela will continue to maintain relations with Iran.

"This is a right we are not going to renounce," he said

 



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