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Venezuela sees minimal impact from U.S. sanctions
May 24, 2011 / 8:19 PM / 7 years ago

Venezuela sees minimal impact from U.S. sanctions

CARACAS, May 24 (Reuters) - Venezuela’s state oil company PDVSA expects little or no commercial impact from U.S. sanctions imposed on Tuesday due to trade with Iran, a source at the company said.

The source also told Reuters the move appeared to be primarily political, intended by the government of U.S. President Barack Obama to appease Senate critics of Venezuela’s socialist leader Hugo Chavez.

Reporting by Marianna Parraga; Writing by Andrew Cawthorne

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