Sunday, November 27, 2022

US eases Venezuela oil sanctions after gov’t, opposition ink deal

The Biden administration on Saturday eased some oil sanctions on Venezuela after the government of Nicolas Maduro and the opposition signed a broad ‘social accord’ to create a UN-administered fund to provide humanitarian aid to the Venezuelan people.

The agreement signed on Saturday in Mexico City by representatives of President Maduro and the opposition — including the faction backed by the United States and led by Juan Guaido — marked the resumption of long-stalled negotiations meant to find a common path out of the South American country’s complex crisis.

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