U.S. Considers Lifting Venezuela Sanctions for Oil Sales

U.S. Treasury Secretary Scott Bessent announced the potential lifting of sanctions against Venezuela within days. This move aims to ease oil sales and utilize frozen IMF assets to rebuild the country's economy.

U.S. Treasury Secretary Scott Bessent stated that additional American sanctions against Venezuela could be lifted within days to facilitate oil sales. He also mentioned that he will later meet with the heads of the International Monetary Fund and the World Bank to discuss their re-engagement with Venezuela. Bessent added in an interview conducted on Friday that approximately five billion dollars in Special Drawing Rights assets from the IMF, currently frozen in Venezuela, could be utilized to help rebuild the country's economy. Bessent clarified during a visit to a Winnebago Industries engineering facility: "We will lift sanctions on the oil that will be sold." He indicated that the Treasury Department is considering introducing...

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