U.S. Considers Lifting Venezuela's Sanctions To Help Oil Production

President Biden is considering lifting sanctions on Venezuela for direct oil supply, following a visit by US officials. However, experts doubt Venezuela can fill the void left by Russian oil due to its struggling industry. Venezuela's oil output has drastically decreased due to sanctions, corruption, and mismanagement. Despite supporting Russia's actions in Ukraine, President Maduro is open to discussions with the US, placing Venezuela in a complex diplomatic position.

What is President Biden considering in exchange for a direct oil supply from Venezuela?

• Establishing a trade agreement

• Offering financial loans

• Providing military aid

• Lifting sanctions

Why is it unlikely that Venezuela can fill the oil supply gap left by Russia?

• Lack of oil reserves

• Current state of the oil industry

• High production costs

• Political instability

What was Venezuela's oil production before the decline?

• 1 million barrels per day

• 2 million barrels per day

• 3.2 million barrels per day

• 4 million barrels per day

How has President Maduro publicly responded to Russia's actions in Ukraine?

• Remained neutral

• Justified Russia's actions

• Supported NATO's stance

• Condemned Russia's actions

What controversial position does Venezuela find itself in due to its alliances?

• Between Russia and China

• Between the US and NATO

• Between the EU and the US

• Between Russia and the US