While the Maduro regime has not commented on the tax, it has not gone unnoticed in Venezuela. PDVSA is reportedly rushing to load as much as five million barrels on three large oil tankers before the deadline.

“We have seen the regime panicking as they realize what’s going on and they try to get get as much oil shipped out before that June 12 deadline,” said Russ Dallen, the Miami-based head of Caracas Capital Markets, who tracks Venezuelan shipping activity.


China to tax Venezuelan crude: the possible end of an alliance that marks another chapter in Maduro’s economic debacle | Univision News Latin America | Univision