China Imports Oil Doctored to Skirt U.S. Sanctions on Venezuela

The video discusses the methods used to disguise the origin of Venezuelan crude oil, which is subject to U.S. sanctions. It highlights the role of documents in tracing the oil's journey to China, where it undergoes a chemical doping process to alter its characteristics. This process allows the oil to be marketed under new names by trading companies, despite sanctions. The video also explores the potential for changes in U.S. policy under the Biden administration, which may offer waivers to allow some Venezuelan oil exports.

What is the intent behind the U.S. sanctions on Venezuelan oil?

What are the potential actions the Biden administration could take regarding Venezuelan oil sanctions?