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May 18, 2022

U.S. Eases Venezuela Oil Sanctions
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The U.S. Treasury Department has eased some sanctions on Venezuela's oil
industry as part of an effort to increase oil supplies to Europe.
Bloomberg reports the agreement could also eventually lead to the
U.S.-based company Chevron resuming operations in Venezuela. The
announcement comes just over two months after the Biden administration
sent senior officials to Caracas. U.S. officials say the sanctions were
lifted to promote talks between the government of Nicolás Maduro and
opposition leaders.


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