What does the DR owe Venezuela for petrol imports?

[Dolores]

Former Minister of Economy Juan Ariel Jiménez clarified that the debt for oil imports and related expenses with Venezuela stands at US$214.3 million, according to the Public Credit Agency, not the US$350 million claimed by Venezuela’s Interior Minister, Diosdado Cabello.

Jiménez noted that US$54.3 million of this total is related to the PetroCaribe program.

Jiménez emphasized that, in the broader context, this debt is relatively minor for the Dominican Republic.

Yet, he also pointed out that Venezuela faces restrictions from the US government on international financial transactions. As a result, even if the Dominican government were willing to settle this debt, it would face significant difficulties in executing these payments. Additionally, the debt must be properly documented, and it remains to be seen whether Venezuela can provide the necessary paperwork, as reported in El...

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[CristoRey]

"As a result, even if the Dominican government were willing to settle this debt, it would face significant difficulties in executing these payments"

These same types of restrictions America continues to impose on the rest of the world, be them sanctions or other methods, are the main reason so many countries are starting to move away from the US dollar and quietly buying up more gold.

 

[Seamonkey]

If the DR is not buying from Venezuela as the president states, who are we buying from?

 

[chico bill]

Until Maduro gives up his fraudulent presidency then the DR should withhold the money and state the reason.
The people of Venezuela own the oil and Maduro certainly won't use it to benefit them.

 

[DrNoob]

If the DR is not buying from Venezuela as the president states, who are we buying from?

From https://oec.world/en/profile/bilateral-product/refined-petroleum/reporter/dom : Dominican Republic imports Refined Petroleum primarily from: United States ($2.42B), United Kingdom ($151M), Colombia ($27.9M), Bahamas ($20.8M), and Spain ($12.5M).

 

[drstock]

From https://oec.world/en/profile/bilateral-product/refined-petroleum/reporter/dom : Dominican Republic imports Refined Petroleum primarily from: United States ($2.42B), United Kingdom ($151M), Colombia ($27.9M), Bahamas ($20.8M), and Spain ($12.5M).

Interesting. Some of those countries don't produce oil, so I suppose they just refine and resell it.