Trump's Unintended Move Boosts Putin’s Wallet

<img data-document-id="cms/api/amp/image/AA1BMfyJ" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1BMfyJ.jpg"/> <p> <strong> The Russian oil sector might inadvertently gain an advantage due to Donald Trump’s recent choice to enforce a 25% tax on purchasers of Venezuelan crude. </strong> </p> <p> This action seems intended to weaken China, which is Venezuela’s primary oil buyer, as part of the continuing U.S.-China trade conflict. </p> <p> According to <strong> David Goldwyn </strong> The Energy Advisory Consultancy’s president Goldwyn Global Strategies , these tariffs could increase global demand for Russian oil, despite the Western sanctions that have significantly cut Russia’s oil revenue. </p> <p> To evade these penalties, Moscow has been depending on what it calls its "صند shadow fleet of global tanker operations aimed at delivering oil to prospective purchasers. </p> <p> Should Venezuelan oil be largely inaccessible to all but the United States, Russia might likely become the second biggest supplier of heavy crude, <strong> Goldwyn </strong> said. </p> <p> The 25% duties are scheduled to be implemented on April 2. </p> <p> (QG - Source: Newsweek - Image: © Unsplash) </p>

Trump's Unintended Move Boosts Putin’s Wallet

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The Russian oil sector might inadvertently gain an advantage due to Donald Trump’s recent choice to enforce a 25% tax on purchasers of Venezuelan crude. This action seems intended to weaken Ch…

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