The United States is partially lifting sanctions on Venezuela following the resumption of talks between the South American country’s socialist government and a US-backed faction of the opposition.
The US Treasury Department on Wednesday evening issued a six-month licence authorising transactions in Venezuela’s oil and gas sectors, and a separate licence allowing dealings with national gold mining company Minerven.
The Treasury also amended two existing licenses to remove a ban on secondary trading of certain Venezuelan bonds and debt of Petróleos de Venezuela (PDVSA), the state oil company, though a ban on primary trading remains in effect.
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