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Venezuela: Maduro, good easing of US sanctions on oil

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(ANSA) – ROME, JUN 05 – Venezuelan President Nicolas Maduro praised the “small but significant steps” taken by the United States to “grant licenses” to oil companies to operate in Venezuela, as part of an easing of economic sanctions against the South American country.

“A week ago the United States took small but significant steps by granting licenses to (the American company) Chevron, (the Italian) Eni and (the Spanish) Repsol to start the gas and oil production processes in Venezuela in order to export to its natural markets, “the president said in an interview with an Argentine radio station, excerpts of which were posted on the presidential Twitter account. The White House announced on May 17 the easing of some sanctions imposed in 2019, including an oil embargo, aimed at ousting Nicolas Maduro from power following the controversial 2018 elections that led to his re-election. This easing was part of the promotion of the dialogue between power and opposition, supported by Washington, suspended last October and which has not yet resumed. A senior US official, however, insisted that US policy towards Venezuela remained unchanged: sanctions will be “lightened” in the event of progress towards democracy and “free” elections, and “heavier” if the process should derail. (HANDLE).

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Source: Ansa

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