Economy Venezuelan situation to have negligible impact on India’s energy security, data shows January 4, 2026 gopalkumarthakur@gmail.com Since 2019, India has been cutting its oil imports and commercial engagements with Venezuela in response to U.S. sanctions and threats of secondary sanctions from that year. Related posts: Will the GST rate cuts boost the economy? | Explained GST collections rise by 9% to ₹1.89 lakh crore in September Venezuela keen to increase cooperation in critical minerals sector with India SEBI alleges Bank of America breached insider trading rules in 2024 deal