U.S. Treasury Department authorizes port and airport operations in Venezuela

Commercial rapprochement between the United States and Venezuela

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The Treasury Department of the United States of America, authorized this Tuesday the port and airport operations in Venezuela, after the express authorization by the first national president Joe Biden, who took the reins of the executive power last January 20.

USA-Venezuela

The Treasury Department’s Office of Foreign Assets Control modified the terms of two executive orders issued by former US President Donald Trump, which targeted assets held by the Venezuelan Government, President Nicolás Maduro or any person affiliated with the Executive or the President.

The Treasury Department issued license 30A, which allows dealing with Venezuela’s National Institute of Aquatic Spaces (INEA), or any entity it owns, to enable regular port and airport operations, something prohibited in August 2019 by the Trump administration.

The new license does not, however, authorize any transactions or activities related to the export or re-export of diluents, key components that are used in the oil and petrochemical industry, in order for Venezuela to process its heavy crude oil, as well as any transactions with persons or entities subject to U.S. government sanctions.

Biden after giving start to his administration has already taken a series of measures expressed through executive orders, which have been carried out without any delay, among them we mention those related to the control of greenhouse gases in the maritime sector, adherence to the 2015 Paris agreement on Climate Change and now the one related to port and airport operations in Venezuela.

This is due to a change in political, economic and commercial strategy on the part of the U.S. Government.

The Treasury Department. License 30 A

Source Sputniknews

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