Low oil prices exacerbating coronavirus outbreak in Venezuela | WHAT REALLY HAPPENED

Low oil prices exacerbating coronavirus outbreak in Venezuela

Venezuela’s economy is facing new challenges, as the oil prices have hit record lows in the past days, dropping to as low as 18 dollars per barrel.

The oil price war between Saudi Arabia and Russia is starting to impact the Latin American nation which collects 90 percent of its income through its oil exports.

The country is now bracing for yet another crisis. The coronavirus pandemic which has been spreading around the world like wildfire has found its way into Venezuela.

On top of all these are the US sanctions against Caracas, aimed at toppling the administration of President Nicolas Maduro, which have adversely affected the country’s economy.

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