US eases sanctions on Venezuelan oil after Maduro's 2024 poll agreement
www.wionews.com
In response to an electoral agreement between the Venezuelan government and opposition parties for the 2024 election, the Biden administration has taken a significant step by broadly easing sanctions on Venezuela's oil sector. The move marks the most extensive rollback of Trump-era sanctions on Caracas. The U.S. Treasury Department has issued a new general license, allowing OPEC member Venezuela, which has been under strict sanctions since 2019, to produce and export oil to its selected markets for the next six months without limitations.

In 2019 US was trying to dethrone Maduro. He’s been called dictator ever since, and Venezuela - his regime.

Lately, US has been in a need of oil – of a special sort that only Venezuela, Iran and Russia produce. The one for diesel.

Out of the blue, some sanctions on Venezuela have been lifted, and the same Maduro from the same Venezuela has turned himself into, according to the same US, a normal, ordinary, boring president.

So at the moment, whilst the US is bying oil from Venezuela, he officially, isn’t a dictator. At least for 6 months.

That’s how one is granted and taken away the label of a dictator.

Keep this in mind, guys, when arguying in the comments. Don’t confuse him with the current dictators.

  • queermunist she/her
    11·
    11 months ago

    It’s special because it’s less expensive to refine and produces higher yield of useful chemicals per unit of crude.

    I don’t think it’s specific to the oil, though. It’s because the sanctions are destroying their country and causing a huge surge of migrants. Additionally, the Latin American summit called on the US to end the sanctions.