US Sanctions Against Venezuela: A Temporary Easing?

... export revenues for the country, a blow to PdVSA meant an inevitable reduction in export revenues and the degradation of the oil industry. Signs of changes began to appear in 2022. In November 2022, following an agreement on negotiations between the government of Nicolas Maduro and the opposition on the 2024 elections, the United States began to reduce sanctions pressure. The US Treasury issued two general licenses that introduced some exceptions to the sanctions regime. In particular,...