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U.S. suspends some sanctions on Venezuelan oil, gas, and gold
By Eric Martin, Andreina Itriago Acosta, and Fabiola Zerpa
Bloomberg News
Wednesday, October 18, 2023
The United States has suspended some sanctions on Venezuelan oil, gas, and gold production, as well as those imposed on certain trading of the country's bonds, in response to the signing of an electoral roadmap agreement between the government of President Nicolas Maduro and the opposition.
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The Treasury Department said today that it issued a six-month license authorizing transactions involving the oil and gas sector in Venezuela, along with a second one authorizing dealings with Minerven - the Venezuelan state-owned gold mining company.
It also removed a secondary trading ban on certain Venezuelan sovereign bonds as well as debt and equity issued by state oil company Petroleos de Venezuela SA. The ban on trading in the primary bond market remains in place. ...
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