US Eases Venezuela Oil Sanctions After President Nicolás Maduro Agreed To Terms For A Competitive Presidential Election Next Year

 

 Washington Post: U.S. eases sanctions on Venezuelan oil after Maduro agrees to elections 

The Biden administration on Wednesday eased oil, gas and gold sanctions against Venezuela a day after the government of President Nicolás Maduro and the U.S.-backed opposition agreed to terms for a competitive presidential election next year. 

The Treasury Department issued a general license authorizing U.S. companies to engage in long-barred transactions primarily in the state-controlled energy sector.

 It said the license is to be valid for six months, to be renewed only if the authoritarian socialist government “meets its commitments” for elections and “with respect to those who are wrongfully detained.”  

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WNU Editor: This deal is a joke. There will be no free elections in Venezuela next year. This US decision to ease sanctions has more to do with fears of a wider war in the Middle East, and disruption in oil supplies that will result in massive price increases. 

US Eases Venezuela Oil Sanctions After President Nicolás Maduro Agreed To Terms For A Competitive Presidential Election Next Year  

US broadly eases Venezuela oil sanctions after election deal -- Reuters  

Biden relieves sanctions on Venezuelan oil after election deal -- The Hill  

Biden Lifts Sanctions On Venezuela Dictator Maduro In Exchange For Oil -- Zero Hedge  

U.S. eases oil sanctions on Venezuela after Maduro election deal -- Axios  

US eases Venezuela oil sanctions after election deal -- BBC

Iranian Ships Continue To Sock At Venezuelan Ports

#Iranian ship arrives at Venezuelan port in defiance of US #sanctions #Venezuela #Iran https://t.co/4KPgtjRDXJ

— Press TV (@PressTV) January 9, 2021

Reuters: Iranian ship arrives at Venezuelan port, data shows 

CARACAS (Reuters) - An Iranian ship arrived at the Venezuelan port of La Guaira on Thursday, according to Refinitiv Eikon data, in what appeared to be a continuation of the commercial alliance between the two countries targeted by U.S. sanctions. 

Iran has been supplying gasoline to ease fuel shortages in Venezuela caused by decay of the South American nation’s refineries and worsened by sanctions. 

It has also shipped food to help the government of President Nicolas Maduro. 

The Iranian-flagged general cargo ship Golsan, owned by Mosakhar Darya Shipping Co, left Iran in late November, according to Eikon data. It was not immediately evident what cargo it was carrying. 

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Update: Iran Hails 'Victory' While Tankers & Cargo Ships Continue Arriving At Venezuelan Port (Zero Hedge) 

WNU Editor: It looks like the incoming Biden administration is going to turn a blind-eye to these sanction-busting shipments .... All carrot, no stick: Biden seeks negotiations with Venezuela’s Maduro and his allies (World Oil/Bloomberg).