Sputnik International | Oil Analysts Baffled As Venezuela Ditches Petrodollar OilPrice.com At the end of August, the U.S. stepped up sanctions on Venezuela, prohibiting dealings in new debt or equity issued by state oil firm Petroleos de Venezuela SA (PDVSA) or the government. A couple of weeks later Venezuela responded to what it called an ... Venezuela Seeks Dollar Freedom by Pricing Oil in Yuan |