US eases sanctions on state-run Venezuelan banks
Summary
The US government has eased sanctions on several state-run Venezuelan banks, allowing them to use US dollars and re-enter the global financial system. This change is a temporary measure aimed at improving relations with Venezuela's interim government, led by Delcy Rodríguez, following recent US actions against Nicolás Maduro.Key Facts
- The US Treasury issued licenses allowing Venezuela's central bank and other state banks to operate with US dollars again.
- Sanctions on these banks had been in place since 2019, limiting their ability to handle money internationally.
- This easing of sanctions may help Venezuela receive revenue from oil sales to the US.
- The licenses signed by the US Treasury are temporary and do not fully remove the sanctions.
- Delcy Rodríguez, the interim Venezuelan leader, is seeking a complete end to all US sanctions.
- Rodríguez has opened Venezuela’s oil and mining sectors to foreign investment under US pressure.
- Opposition politicians say Venezuela’s government remains controlled by Maduro loyalists despite some personnel changes.
- Vladimir Padrino, a former defense minister close to Maduro, was recently appointed agriculture minister by Rodríguez.
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