You are currently viewing Biden authorizes the lifting of sanctions against Venezuela in the face of an emergency due to Covid-19

United States.-This Thursday the administration of the President of the United States, Joe Good announced the easing of certain sanctions imposed against the government of Nicolás Maduro in Venezuela so that it can acquire supplies that allow it to mitigate the effects of the pandemic of Covid-19.

Without lifting the punitive sanctions against Venezuela, the Treasury Department issued a license that allows the Maduro government to carry out more commercial operations, this at the request of Joe Biden who requested the reduction of sanctions that influence the fight against the pandemic.

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This was confirmed by the Treasury department through a statement posted on its official website.

“These new authorizations will further support the crucial work of governments, international organizations, non-governmental organizations and private sector actors to provide covid-19 related assistance,” the Treasury mentioned in a statement.

With the release of the license, Venezuela will be able to more easily acquire supplies such as: vaccines, face masks, oxygen tanks, Covid-19 detection tests, and protective items.

In addition to Venezuela, the United States also lightened sanctions against Iran, and Syria for the same purpose, to acquire supplies to address the pandemic.

The Treasury explained that the measure will allow sanctioned entities such as the Central Bank of Venezuela (BCV), the Bank of Venezuela or the Banco Bicentenario and subsidiaries to carry out this type of transaction.


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