Biden Eases Venezuela Sanctions

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“The Biden administration on Saturday eased some oil sanctions on Venezuela in an effort to support newly restarted negotiations between President Nicolás Maduro’s government and its opposition,” the AP reports.

“The Treasury Department is allowing Chevron to resume ‘limited’ energy production in Venezuela after years of sanctions that have dramatically curtailed oil and gas profits that have flowed to Maduro’s government.”

Washington Post: U.S. grants Chevron license to pump oil in Venezuela.

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