The USA could lift sanctions against Venezuela as early as next week.

Lift of US sanctions against Venezuela

According to ТСН: The lifting of additional US sanctions against Venezuela could happen in the near future, specifically next week. This decision is planned to facilitate the sale of Venezuelan oil in international markets.

US Treasury Secretary Scott Besent pointed out that the USA is ready to allow the sale of Venezuelan oil if the restrictions are lifted.

"We will lift the sanctions for oil that is sold,"

"That could happen as early as next week,"

Additionally, he stated that nearly 5 billion dollars in frozen Venezuelan assets located at the International Monetary Fund could be used to restore the country's economy.

The existing US sanctions prohibit international banks and lenders from working with the Venezuelan government without a special license, which significantly complicates the restructuring of the country's state debt of about 150 billion dollars. This is a crucial prerequisite for attracting private investments.

It was also revealed that US President Donald Trump signed an order preventing courts and creditors from seizing Venezuela's revenues from oil sales held in accounts of the US Treasury Department. The White House was informed that these funds should be protected to promote the establishment of "peace, prosperity, and stability" in Venezuela.

Earlier, there were reports that several oil tankers that left Venezuelan waters with disabled transponders had returned to the country due to strict US restrictions. It was also reported that the United States continues its maritime blockade of Venezuela and intercepts ships attempting to export oil bypassing the sanctions.

Thus, the potential lifting of US sanctions opens new perspectives for the Venezuelan economy, although it remains questionable how quickly the country can restore its oil and gas sector. Support from international financial institutions and the lifting of restrictions could be important steps for the economic revival of Venezuela.