Venezuela gets partial oil sanctions relief in exchange for election assurances

The Biden administration on Oct. 18 partially eased sanctions on Venezuela’s oil and mining sector, in response to the electoral agreement signed between the government of Nicolas Maduro and the Venezuelan opposition. “Treasury is prepared to modify or revoke the authorizations at any time if Maduro’s representatives fail to meet their commitments,” US Treasury Under Secretary for Terrorism and Financial… The Biden administration on Oct. 18 partially eased sanctions on Venezuela’s oil and mining sector, in response to the electoral agreement signed between the government of Nicolas Maduro and the Venezuelan opposition. “Treasury is prepared to modify or revoke the authorizations at any time if Maduro’s representatives fail to meet their commitments,” US Treasury Under Secretary for Terrorism and Financial… Read More