It allows companies that existed before Jan. 29, 2025, to buy Venezuelan oil and engage in transactions that would normally be banned under U.S. sanctions, allowing Venezuela to reenter global
Following years of severe sanctions, the United States will now allow U.S. companies to do business with Venezuela’s state-owned oil and gas company Petróleos de Venezuela S.A. (PDVSA).
The Treasury Department eased some sanctions on the company on W… [2649 chars]
Source: International Business Times | Published: 2026-03-18T21:51:51Z
Credit: International Business Times
