Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

Biden to ease Venezuela sanctions one day after Cuba rules lift

Added 05-17-22 04:18:02pm EST - “The White House took a step toward easing sanctions against Venezuela ?" just one day after lifting financial, travel and migration rules for Cuba.” - Nypost.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Nypost.com: “Biden to ease Venezuela sanctions one day after Cuba rules lift”. Below is an excerpt from the article.

The Biden administration on Tuesday took a step toward easing sanctions against Venezuela’s socialist government — just one day after lifting financial, travel and migration rules for Cuba.

The US will allow Chevron to discuss future work with state-owned Venezuelan oil company PDVSA and lift sanctions against Carlos Malpica-Flores, a former PDVSA executive and relative of Venezuelan strongman Nicolas Maduro.

Biden administration officials said on a White House-organized call that the changes are relatively minor and were made at the request of Venezuelan opposition leaders who comprise a shadow government that is in talks with Maduro.

“The Treasury, with the guidance from the State Department, issued a narrow license authorizing Chevron to negotiate the terms of the potential future activities in Venezuela,” an official said. “It does not allow entry into any agreement with PDVSA or any other activity involving PDVSA or Venezuela’s oil sector. So fundamentally, what they’re doing is just allowed to talk.”

The official added, “Very clearly, none of these alleviations of pressure would lead to an increase in revenue for the regime. It’s basically just the license for Chevron to speak.”

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

Comment Box is loading comments...

CLICK TO SHARE

BACK TO THE HOME-PAGE