The country with the highest inflation in the world will be able to pay its debt and help Europe during the oil crisis caused by the Russians. 

the Italian oil company Eni SpA and the spanish Repsol SA stated, in an interview with Reuters, that they are interested in sending oil from Venezuela to Europe in order to pay the debts that the socialist country, governed by Maduro, has in relation to Europe. The decision was taken as a way to convert the sanctions carried out by the United States, governed by Joe Biden, to Russia. Russia was one of the countries responsible for world exports and is now experiencing an intense blockage in its sales. The decrease in Russian oil production, in view of the sanctions, is causing the Brent reaches one of his highest values ​​in history. 

Venezuela's debt with Brazil, according to data belonging to the BNDES, is in a range of  $ 436,85 million. The country had been experiencing economic blockades after some interventions imposed on Trump, but it could resume its economy with this new export possibility.

Oil crisis made price reach US$ 122 per barrel and Saudi Arabia discussions will impact commodities 

According to Arab Light, a state company that belongs to Saudi Arabia, it is estimated that the value of a barrel will be negotiated by the country would have an increase of at least 6 dollars each in this month of June.  The decision was taken as a way of convert the lack of stocks of barrels in the institution after the stop of Russian sales on a world scale. 

Some traders even commented on their social networks that the decision, despite the unexpected increase of more than 300% of what was initially stipulated, would not have negative results for the Saudi Arabian state company because a large part of the eastern countries are being forced to to buy from them to maintain fuel prices. 

Biden had already raised the hypothesis of new negotiations with Venezuela, despite their ideological differences

Despite the ideological differences between the United States and Venezuela, Biden had already raised the hypothesis that he could return to negotiations with Venezuela because of the sanctions he applied on the Russians during the end of February with the innovations ordered by Putin to the Ukrainians. According to what had been stated by Putin, the Ukrainians were not obeying what was foreseen in the contract between the two countries that would have been signed during the 90s.

Putin would have taken this decision when he saw that the price of oil in the United States was increasing significantly without Russian reserves, and that even increasing the country's productivity, they were not managing to maintain their prices. 

The impacts of the oil price also reach Brazil as gasoline is being counted aka R$7 in at least twenty Brazilian states. In short, a large part of the value is taxes levied by the federal government. Diesel also already has its price of R$ 6, which has been harming a large number of truck drivers and professionals in the sector. Despite significant price increases, self-employed professionals and truck drivers did not manifest themselves through strikes this year. 

The price of oil impacts several other sectors of the economy, including the values ​​charged in the market and the inflation of a country. This is because market prices take into account the amount that would have been paid for freight to the company responsible for carrying out the transport, says the Reuters portal during this Monday, June 06th.