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US plans to ease Venezuela sanctions

The U.S. plans to ease Venezuela sanctions, CNBC reports citing a source. According to the source, sales of Venezuelan oil to the U.S. will proceed through American channels without restrictions for an indefinite period.

The statement mentioned that the government is considering expanding trade in oil products exported from Venezuela as part of a strategy to stabilize economic relations with the country.

Context

The U.S. has been intensifying sanctions against Venezuela since 2014 in response to corruption and human rights violations.

Summary:

The U.S. plans to ease sanctions on Venezuela, allowing unlimited-term sales of its oil through American channels.