US May Ease Venezuela Sanctions Next Week to Aid Oil Sales and Economic Recovery
7 hours agoPolitics
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US May Ease Venezuela Sanctions Next Week to Aid Oil Sales and Economic Recovery

U.S. Treasury Secretary Scott Bessent indicated that additional sanctions on Venezuela could be lifted next week to facilitate oil sales and the repatriation of proceeds for economic rebuilding. This potential easing of restrictions is part of the Trump administration's strategy following the capture of Venezuelan leader Nicolas Maduro. Bessent also plans to meet with IMF and World Bank heads to discuss re-engagement, with nearly $5 billion in frozen IMF assets potentially available for Venezuela's recovery.

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