The US oil embargo on Venezuela has been in place since 2019. Negotiations to lift part of the restrictions have been ongoing since March. According to Vice President Delcy Rodriguez, this step was the beginning of the complete abolition of “illegal sanctions”
The United States abandoned restrictive measures that prevented the work of American and European oil companies in Venezuela. This was announced on Twitter by the vice-president of the Latin American country, Delcy Rodriguez.
“The Venezuelan government has verified and can confirm that the US has allowed its and European companies to negotiate and resume operations in Venezuela,” she wrote.
Rodriguez also noted that “Venezuela hopes that after this decision, the United States will start moving towards the complete removal of illegal sanctions.”
Earlier in the day, the US Treasury, in consultation with the State Department, issued a narrow license allowing US oil and gas company Chevron to negotiate a possible resumption of production in Venezuela that was halted by US sanctions.
United The states severed diplomatic relations with Caracas, imposed sanctions, and closed their embassy in 2019, accusing President Nicolás Maduro of electoral fraud. Negotiations between the United States and Venezuela on lifting the oil embargo resumed after Russia launched a special operation in Ukraine and imposed oil supply sanctions against Moscow.
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In early March, Reuters, citing sources, reported that US officials could not agree with the leadership of Venezuela on the easing of sanctions on oil exports. Proposals to ease sanctions included allowing Caracas to sell oil through Western companies. Venezuela demanded, among other things, the return of control over the state oil company PDVSA.
A few days later, US President Joe Biden announced the release of two Americans who were in custody in Venezuela. This happened after the visit of an American government delegation to Caracas.
Against the backdrop of the military operation in Ukraine and the ensuing anti-Russian sanctions, gasoline prices in the United States reached record levels. Biden has repeatedly accused Russia and President Vladimir Putin personally of rising prices and inflation, which also began to rise since the beginning of the conflict.
The Russian Embassy in the United States has previously stated that Washington is trying to earn political points through Russophobia to justify its own failures in solving domestic problems. The real cause of the fuel crisis, according to the embassy, is record inflation for the United States— “unsecured trillion-dollar financial investments in the economy, as well as sanctions wars against objectionable states.”
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