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US To Ease Some Oil-Related Sanctions On Venezuela

ENERGY SECURITY

Reuters carrying comments from a senior US State Department official stating that the US will ease some oil-related sanctions on Venezuela, "beginning almost immediately" in response to "Tuesday's election deal between Venezuela govt and opposition."

  • Official: "US is issuing licenses to broadly ease sanctions on Venezuela's oil and gas sector, including its business with Caribbean nations."
  • Official: "US is optimistic current engagement with Venezuela will lead to release of political prisoners and wrongfully detained Americans in the ‘near term.'"
  • Official: "US is prepared to reverse easing of sanctions on Venezuela if it fails to take steps including lifting bans on opposition presidential candidates and release of political prisoners."
  • The sanctions relief comes after two-days of talks between Venezuelan government officials and members of the opposition in Barbados aimed at laying the groundwork for free elections next year.

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