U.S. Treasury Department revokes sanctions relief against Venezuela

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U.S. Treasury Department revokes sanctions relief against Venezuela

The Venezuelan oil and gas lifting was approved in October 2023 to encourage Venezuelan President Nicolás Maduro to comply with the opposition's agreements, which included guarantees of participation for all candidates interested in the upcoming presidential elections. In a statement, the Foreign Asset Control Office (OFAC), an adjunct agency to the U.S. Treasury Department, explained that the lifting ends this April 17th and that anyone doing b…