Can Venezuela help the West wean itself off Russian oil?
Nicolás Maduro, the country’s autocratic president, may make that difficult
ON APRIL 22ND a ban on Russian oil imports will come into effect in the United States. One of the countries that could benefit is Venezuela. According to Credit Suisse, a bank, its economy is expected to grow in real terms by 20% this year, albeit from a very low base. This will be driven wholly by the oil industry. The bank expects petroleum output to increase by more than a fifth.
This article appeared in the The Americas section of the print edition under the headline “Enemies with benefits”
More from The Americas
Can Brazil’s left survive without Luiz Inácio Lula da Silva?
Brazil’s current president, a titan of the Latin American left, has no apparent heirs
Donald Trump is targeting Mexico like no other country
The United States’ southern neighbour is bracing for a wave of deportees and trapped migrants
The race to lead Canada’s Liberal Party hinges on handling Trump
Mark Carney and Chrystia Freeland are the front-runners
Canada has adopted assisted dying faster than anywhere on Earth
The province of Quebec now allows those with deteriorating illnesses to request an assisted death in advance
Tether’s move to El Salvador is a win for President Nayib Bukele
Why the stablecoin firm has picked the Central American country for its headquarters
From Greenland to Panama and Mexico, leaders are in shock
As Donald Trump eyes fine new pieces of real estate in the Americas and beyond