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US eases oil, gas and gold sanctions on Venezuela after electoral roadmap signed
The United States has agreed to temporarily suspend some sanctions on Venezuela’s oil, gas and gold sectors
WASHINGTON (AP) — In response to Venezuela’s government and a faction of its opposition formally agreeing to work together to reach a series of basic conditions for the next presidential election, the U.S. agreed Wednesday to temporarily suspend some sanctions on the country's oil, gas and gold sectors.
Tuesday's agreement between President Nicolás Maduro’s administration and the Unitary Platform came just days before the opposition holds a primary to pick its candidate for the 2024 presidential election.
The U.S. Treasury issued a six-month general license that would temporarily authorize transactions involving Venezuela's oil and gas sector, another that authorizes dealings with Minerven — the state-owned gold mining company — and it removed the secondary trading ban on certain Venezuelan sovereign bonds.
The ban on trading in the primary Venezuelan bond market remains in place, Treasury says.