This Tuesday, Donald Trump’s government eased sanctions on Venezuela’s state financial system with the aim of boosting the country’s economy. According to Axiosthe measure will allow the Central Bank of Venezuela (BCV) and other large institutions to once again use dollars, receive income from oil sales and rejoin the global financial system under US control.
He points out that the decision of the Treasury Department also seeks to promote the development of the oil sector and stabilize the government led by interim president Delcy Rodríguez. The media recalls that after the departure of Nicolás Maduro on January 3, the United States assumed control of Venezuelan oil revenues, but sanctions had delayed the transfer of billions of dollars to the BCV and stopped economic agreements.
According to Axios, the recent protests in Caracas are related with low salaries in the public sector. He adds that Washington has been progressively normalizing its relations with Venezuela through licenses from the Office of Foreign Assets Control (OFAC).allowing US companies to operate with the state oil company and facilitating deals in sectors such as oil and gold.
Axios highlights that instead of lifting all sanctions, the US has chosen to issue specific authorizations for certain financial institutions in order to gradually reintegrate Venezuela into the international financial system.
