The US Treasury Department has issued a general license stating that the relief of US sanctions on Venezuela’s oil and gas sector does not apply to entities owned or controlled by the Russian side. writes about this TASS.
According to the document, Washington is postponing some of the sanctions imposed on oil production and exports and investments in this field until April 18, 2024.
However, the license clearly states that this does not apply to entities in Venezuela that are owned, controlled or joint ventures by entities in Russia.
Additionally, the license prohibits investing in structures controlled by persons resident in Russia.
A Washington spokesman earlier said the US was constantly to express Willingness to change sanctions in response to specific democratic reforms and the creation of conditions for free and fair elections in 2024. He also stated that Washington called on the administration of Venezuelan President Nicolas Maduro and the opposition Unitary Platform to reach a comprehensive and lasting solution by restarting the negotiation process in Mexico City.
Previously recognizedWhen oil prices fall to $50 per barrel.