Sanctions On Venezuela Preventing PetroCaribe Debt Payments - Clarke

[MRubio]

Sanctions imposed on Venezuela by the Trump administration in the United States have been making it difficult for Jamaica to pay down on its debt obligations under PetroCaribe.

This was revealed by Finance Minister Dr Nigel Clarke who told Parliament's Standing Finance Committee today that debt payments to Venezuela have been returned by correspondent banks.

“More recently the amount that we paid in December was held and to the best of my knowledge was returned only recently,” Clarke said.

Clarke told Standing Finance Committee members that the government was committed to honouring its debt under PetroCaribe. However, the economic sanctions imposed on the South American country were making it difficult.

He told the meeting that Jamaica presently owes about US$115 million to Venezuela as part of the PetroCaribe agreement.

http://jamaica-gleaner.com/article/news/20190304/sanctions-venezuela-preventing-petrocaribe-debt-payments-clarke

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[GatoGordo]

1. The teat has run dry for Maduro and his Merry Morons

He used to be able to buy their loyalty.

If I were Nigel Clarke, I would keep them returned checks.

[MRubio]

2. They need to keep them returned checks for when..........

.........it comes time to buy their oil at world prices instead of those special chavista rent-a-friend deals.