US Discussing Loosening Sanctions Against Venezuela, Report Says
The Biden administration is preparing to relax sanctions against Venezuela and the Nicolas Maduro regime to allow Chevron to resume oil activities in the country, The Wall Street Journal reported Oct. 5. The decision to loosen sanctions, which is still…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
under discussion and may “fall through,” could eventually lead to the reopening of U.S. and European markets for Venezuelan oil, the report said. In exchange for the lifting of sanctions, the U.S. would expect Venezuela to resume talks with the country’s opposition party to discuss holding free and fair presidential elections in 2024, the report said. “There are no plans to change our sanctions policy without constructive steps from the Maduro regime,” Adrienne Watson, National Security Council spokesperson, told WSJ. The White House didn’t respond to a request for comment.