Biden admin to ease sanctions on Venezuela to facilitate oil imports

The Biden White House said on Tuesday that it will relax its sanctions on Venezuela's President Nicolas Maduro so long as a commitment is made to have diologue in Mexico City with Venezuela's opposition movement.

According to sources close to the matter, this marks a turning point in Washington's pressure campaign on Caracas.

The Miami Herald reports that the new US sanctions relief will allow energy giant Chevron to begin talks regarding future investments in the oil-rich country. Sanctions will also be lifted from Carlos Erik Malpica-Flores, a former high-ranking energy official in Venezuela who is also the nephew of Maduro's wife.

Efforts were made last fall to speak with Maduro, though those ended with the president walking away from the talks with the opposition.
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