US EditionThe Us Lifts Sanctions Against Venezuela's Central Bank and Three Other Banking Entities
- The U.S. authorized financial transactions with Venezuela's central bank and three state-run banks for the first time since 2019 through General License No. 57 from OFAC.
- This authorization enables activities such as opening bank accounts, processing payments, issuing loans, and reestablishing correspondent banking relationships with Venezuelan institutions.
- The Central Bank of Venezuela was sanctioned in April 2019, which caused Venezuelan institutions to struggle with foreign currency access and payment processing.
- The Treasury emphasized that this is not a full sanctions lift; frozen assets remain blocked and some transactions require separate OFAC approvals, indicating a cautious shift in U.S. policy.
43 Articles
43 Articles
Observador
Financial institutions such as the Central Bank of Venezuela were authorised by the US to maintain bank accounts, issue cards and transfer funds or exchange of money.
The United States eased sanctions on Venezuela's central bank on Tuesday, the latest move by President Donald Trump's administration to develop ties with the oil-rich Latin American nation after its longtime leader was overthrown.
The government of the United States (US) lifted on Tuesday the sanctions imposed on the Venezuelan public banking system, including the Central Bank of Venezuela. The measure, announced by the Treasury Department, also includes the Bank of Venezuela, the Digital Workers Bank, the Treasury Bank and any entity in which any of these institutions has direct or indirect participation of 50% or more. Read also...
OFAC issued licenses for Venezuelan public banks and contingent negotiations. On the eve of Delcy Rodriguez had called for the total lifting of sanctions.
US eases sanctions on Venezuela's Central bank to revive oil sector after Maduro capture
The US has eased sanctions on Venezuela's central bank, allowing financial transactions with international banks. This move aims to revive the oil industry and facilitate economic activities after years of restrictions, benefiting the interim government and local oil companies.
The Washington Hispanic
Proceso DigitalThe U.S. government lifted on Tuesday the sanctions imposed on the Venezuelan public banking system, including the Central Bank of Venezuela. The measure, announced by the Treasury Department, also includes the Bank of Venezuela, the Digital Workers Bank, the Treasury Bank and any entity in which any of these institutions has direct or indirect participation of 50% or more. The Treasury Asset Control Office (OFAC) issued a license that allows "c…
Coverage Details
Bias Distribution
- 53% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
