The US Treasury issued permits for transactions related to Venezuelan oil, gas and gold.
The United States has suspended sanctions on Venezuela’s oil and gas sector after the country’s government reached a deal with the opposition to prepare for new presidential elections. The US Treasury announced this on October 18.
It noted that Washington had lifted restrictions on Venezuela’s oil and gas deals for six months. The US government also approved agreements with Venezuelan gold mining company Minerven.
In addition, the ban on secondary trading in some Venezuelan government bonds, as well as shares and bonds of the state-owned company Petroleos de Venezuela SA, was lifted.
The ban on buying Venezuelan bonds on the main market remains in place.
Experts believe that the four-year suspension of American sanctions against Venezuela’s oil and gas sector could lead to an increase in oil production in the country by 200 thousand barrels per day.
Earlier, the UN said that the restrictive measures taken by the American government and the European Union against Venezuela have a negative impact on the entire population of the republic.
Source: korrespondent
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