TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

How Biden is using Venezuelan oil to divide and rule the EU

Aravind SG by Aravind SG
June 12, 2022
in Americas, Europe, Geopolitics, Global Issues
How Biden is using Venezuelan oil to divide and rule the EU
Share on FacebookShare on X

A year before, any sort of engagement with Venezuela was considered an aberration by the United States. But the war in Ukraine has urged the US to change its cards of polity with Caracas. After the repeated attempts from the US asking Venezuela to be the alternate to Russian oil not going well with Nicolas Maduro, the US has shifted to genial talks of easing sanctions that may invariably gift a political lifeline to the autocrat leader of Venezuela.

New pact with Venezuela

In an unprecedented move, the US department has given a nod of assent to resume shipments of Venezuelan crude to be transported to Europe. And in a strange new pattern, it is a company from Italy that is expected to receive a good share of Venezuelan crude. The oil flow from Caracas to Europe has been frozen for a long owning to the myriad of sanctions imposed by the United States.

Also Read

RIC Revival: Russia looks to bring in China and India to resurrect the RIC trio

Russia rewards it soldiers for F-16 takedowns as S-400 proves it capabilities against Ukraine and Pakistan

Russian deputy mayor and war hero Zaur Gurtsiev assassinated in blast, Ukraine hand suspected

According to verified sources, Italian oil company Eni SpA has touched the Venezuelan waters to carry back 650,000 barrels of diluted crude oil after the US lifted the embargo imposed by the Trump administration back in 2020.

What John Bolton's memoir tells us about Trump and Venezuela
US and Venezuela (Source: Global Americans)

But the new genial diplomacy practised by Biden in Venezuela is mysterious when considering the facts that are out in the open. Washington has not made similar allowances for India’s Oil and Natural Gas Corp Ltd (ONGC) and France’s Maurel & Prom SA, which also lobbied the U.S. State Department and U.S. Treasury Department to take oil in return for billions of dollars in accumulated debts from Venezuela. So, yes, it is simply Italy that has got the leeway here to plunge into the huge reserves of Venezuelan crude and take back a good share of it to Rome.

But Biden got in a hurry to shift his game towards Italy is a question that is running unanswered. Italy’s Prime Minister Mario Draghi from the inception of the Ukraine war has played it cool when it comes to diplomacy. With every statement emanating from Draghi, the US had its concerns about Italy slowly diving into the powerful realm of Russia. So, to curb such a catastrophe, Now Biden has weaved out a plan to appease Mario Draghi. But the broader picture of politics helps you to get hold of the real shrewd in Joe Biden.

Europe will be divided

Joe Biden zeroed on Italy, while there were hordes of other countries in Europe that were opposing the US line of diplomacy with Russia. The US could have appeased them, but it didn’t. Hungary, a country that abides strongly by the kremlin side of politics has been creating ripple effects within the EU by trading in roubles with Russia for oil. And with no solution in sight, the EU recently capitulated before Hungarian prime minister Victor Orban’s demands granting Budapest a near-total exemption from a new embargo on Russian oil. Hungary has been using a lethal language of diplomacy with neighbouring countries over the oil transfers and has been calling the shots within the EU clique.

Read more: Now, Italy begins backtracking on its promises and extending an olive branch toward Russia

With oil prices in Europe reaching their all-time high, a collapse of the high consequence is sure to fall upon Europe. So, with the current flow of oil deals to Italy, Biden is following the stratagem of divide and rule. Italy will be sufficient with oil; the supply will meet the demands but for the rest of Europe, the period of depravity will see no end. This may lead to further factions within the European Union with Italy and Hungary creating an effective opposition within EU. Italy has a stronger presence within the European Union, so Biden started with them.

 

While the game of oil runs high driving wedges across Europe, Biden could easily sneak back into the throne of power in Europe that has been slipping away from his hands due to the emergence of the stature of Emmanuel Macron. 

WATCH:

Tags: HungaryItalyJoe BidenRussiaVenezuela
ShareTweetSend
Aravind SG

Aravind SG

Associate Editor, TFI Media Has view on everything. Hardliner!

Also Read

RIC Revival: Russia looks to bring in China and India to resurrect the RIC trio

RIC Revival: Russia looks to bring in China and India to resurrect the RIC trio

May 31, 2025
UK to go on the offensive, will initiate cyberattacks on Russia and China

UK to go on the offensive, will initiate cyberattacks on Russia and China

May 31, 2025
European Union Facing Existential Crisis Amid Economic and Political Struggles

European Union Facing Existential Crisis Amid Economic and Political Struggles

May 31, 2025
Russia rewards it soldiers for F-16 takedowns as S-400 proves it capabilities against Ukraine and Pakistan

Russia rewards it soldiers for F-16 takedowns as S-400 proves it capabilities against Ukraine and Pakistan

May 31, 2025
France Bans Smoking in Outdoor Areas Frequented by Children

France Bans Smoking in Outdoor Areas Frequented by Children to Protect Public Health

May 31, 2025
MIT Bans Student Class President Megha Vemuri from Graduation Ceremony Following Pro-Palestinian Speech

MIT Bans Student Class President Megha Vemuri from Graduation Ceremony Following Pro-Palestinian Speech

May 31, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.