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Indian refiners including Reliance Industries plan to wind down Venezuelan oil buys in April

Updated : February 28, 2020 06:43 PM IST

The move comes as U.S. President Donald Trump warned in New Delhi this week of an increase in sanctions in a bid to oust Venezuela's President Nicolas Maduro, whose 2018 re-election was considered a sham by most Western countries.
Washington last year imposed tough sanctions on PDVSA that cut off Venezuela from the United States.
The caution over shipments comes as the United States steps up its pressure campaign action against PDVSA.
Indian refiners including Reliance Industries plan to wind down Venezuelan oil buys in April

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