Washington (EFE).- The United States Government extended for one year the license that allows certain transactions for the export of liquefied petroleum gas (LPG) to Venezuela, one more step in the direction of easing the existing sanctions against the Government of Nicolás Ripe.
The Treasury Department’s Office of Foreign Assets Control (OFAC) informed through a statement that it will continue to allow the shipment of LPG in transactions involving the government of Venezuela, the state energy company Petróleos de Venezuela (PDVSA) or any entity in which PDVSA has a participation of 50% or more.
Transactions Prohibited During the Trump Administration
These transactions were prohibited during the Government of Donald Trump (2017-2021) by an executive order signed in November 2018 and extended in 2019, and Joe Biden made them more flexible after reaching the Government.
This license was issued in July 2021 and this is the second time the term has been extended, which will last until July 10, 2024.
As in the previous occasions, the license does not authorize any payment in kind of oil or petroleum products or any transaction that involves blocked persons who are not from PDVSA or its subsidiaries.
Since coming to power, Biden has carried out a series of relaxations of the sanctions that Trump imposed on Maduro.
Last May, for example, the United States Government announced the temporary authorization of some transactions between four US firms with the state company PDVSA, which had been prohibited since November 2018.