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U.S. Treasury Eases Sanctions to Boost Venezuela's Mineral Economy

3/28/2026

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Story summary
  • On March 27, 2026, the U.S. Treasury Department announced new general licenses related to Venezuela.
  • The licenses permit the supply of specific items and services for mineral operations.
  • They also allow negotiations for investments in Venezuela's minerals sector.
  • The Treasury stated the measures aim to revive the Venezuelan economy and redirect investment to benefit both Americans and Venezuelans.