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US issues new Venezuela-related general licenses for critical minerals, says US Treasury Department

Summary by WTVB
LOS ANGELES, March 27 (Reuters) – The U.S. on Friday ​issued new, Venezuela-related ‌general licenses for critical mineral investment and operations, according to ‌the ​U.S. ⁠Treasury Department. The licenses ⁠authorize “the supply of certain items and services for minerals operations” ​and “negotiations of and entry into ⁠contingent ⁠contracts for certain ​investment in Venezuela’s minerals ​sector,” according to the ‌Treasury Department websit…

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The government announced Friday a further relief of its sanctions against Venezuela, this time with the aim of facilitating the exploitation of the country's mining resources, including operations with the state-owned company Minerven, the country's leading gold producer.Read more

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Washington, 27 Mar (EFE).- Donald Trump's administration softened on Friday some sanctions on Venezuela so that U.S. companies can sign contracts and invest in the mining sector of the South American country, including gold. The decision adds to the several licenses issued by the U.S. Treasury Department in recent weeks to facilitate the participation of U.S. companies in Venezuela's oil and gold sectors. The new license allows for negotiating a…

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El Economista broke the news in on Friday, March 27, 2026.
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