US lifts economic sanctions on Venezuela

US Presidential Administration, Joe Biden tomade it easier sanctions on the oil and gas sector Venezuela after pre-election agreement reached by the government and the country’s opposition, stated eThe Treasury Department released a statement on Wednesday.

“In response to these democratic developments, the U.S. Treasury Department issued general licenses authorizing transactions involving the U.S. oil and gas sector. Venezuela and gold sector, as well as lifting the ban on secondary trading,” the statement said.

Treasury ready change or revoke permissions at any time“If representatives of President Nicolas Maduro do not fulfill their obligations under the agreement with the opposition,” he added.

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The changes include the issuance of a six-month general license for the oil and gas sector in Venezuela and another general license that authorizes operations with Minerven, a state-owned gold mining company.

The Treasury also lifted a ban on secondary trading in some Venezuelan sovereign bonds and state oil company PDVSA, although a ban on primary market trading in Venezuelan bonds remains in place, he said.

The statement confirmed what a senior U.S. State Department official, speaking on condition of anonymity, told Reuters earlier on Wednesday that the United States was continuing broad sanctions relief but would lift the measures unless Maduro agreed to lift opposition disqualifications. candidates and release political prisoners.

The favorite in the opposition primaries scheduled for Sunday, Maria Corina Machado, has been disqualified from holding public office for 15 years.

The U.S. action followed months of negotiations in which Washington pressured Caracas to take concrete steps toward democratic elections in exchange for the lifting of some, but not all, of the harsh sanctions imposed during former U.S. President Donald Trump’s administration in 2019. .

Government Venezuela and the opposition announced an electoral guarantees agreement in Barbados on Tuesday that will allow international observation of presidential elections in the second half of 2024. release of political prisoners. (Reuters).

Source: Aristegui Noticias

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