A senior administration official said the deal did not include plans to unfreeze Venezuelan assets currently held in the United States. AdvertisementAfter this report was published, a U.S. official said the United States and Venezuela have not committed to anything between them. If the deal is signed, the U.S. government is prepared to announce the lifting of certain oil sanctions against Venezuela, the two people said. The sanctions relief could include a general license for Venezuela’s state-owned oil agency to resume business with the United States and other countries. In 2016, the last year before financial sanctions, oil accounted for 95 percent of all exports.

Source: Washington Post October 17, 2023 05:30 UTC