US eases sanctions on Venezuela’s Central bank to revive oil sector after Maduro capture

The US has relaxed sanctions on Venezuela’s central bank as the Trump administration seeks to revive the country’s oil industry following the capture of former president Nicolás Maduro. The Treasury issued a general license permitting financial institutions to engage with the central bank and select other entities in the country.

The move enables acting Venezuela President Delcy Rodríguez to make transactions with international banks after a seven-year ban stemming from US sanctions imposed during Trump’s first term.