US lifts sanctions on Venezuela acting President, opening door for assets control

The US on April 1 removed sanctions against Venezuelan interim President Delcy Rodriguez, according to the Treasury Department website, less than three months after US forces seized the country’s then president Nicolas Maduro in a raid on the capital.

The Trump administration has closely engaged with the interim government led by former Vice President and Maduro ally Rodriguez.

This includes sending US energy and interior secretaries on visits to Caracas with potential investors, making an agreement for the US to sell Venezuelan oil, praising changes to the oil and mining sectors that are meant to attract foreign capital and issuing sanctions waivers.

Washington in March formally recognised Ms Rodriguez as Venezuela’s leader, opening the door for her government to reopen embassies and consulates in the US and regain control of Venezuela-owned companies abroad.

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