US Eases Sanctions on Venezuela's Central Bank Amid Economic Crisis
The US Treasury has relaxed sanctions on Venezuela’s central bank, allowing financial institutions to engage with it and select other entities. This general license permits US-dollar transactions and lifts sanctions on three state-owned banks. The move aims to ease economic bottlenecks that have hindered payments to local oil companies. Interim President Delcy Rodríguez has called for further sanctions relief to stabilize the economy, which is facing severe challenges. Since the removal of former President Nicolás Maduro, the US has taken steps to control Venezuela’s oil sales and facilitate foreign investments. Venezuelan crude exports to US ports increased over 150% in March compared to December, reflecting the ongoing changes in US-Venezuela relations.
Published 11 hours ago • 15 Apr 2026, 05:25 AM IST