Acting President Delcy Rodríguez called for the removal of U.S. sanctions on Tuesday, arguing that the lifting of these restrictions is essential for investments to fully develop in Venezuela.
Speaking during a strategic meeting at the Miraflores Palace with U.S. government delegates and independent energy companies, Rodríguez emphasized the need for legal certainty. According to latercera.com, the leader advocated for the cessation of sanctions to allow all investments to reach their full potential.
“Sanctions must cease so that all investments can develop fully,” Rodríguez stated, according to a presidential communiqué reported by the outlet.
Rodríguez expressed a desire to build a "solid and lasting" economic cooperation relationship with the United States. She argued that temporary licenses do not provide the necessary legal security for long-term projects because they are subject to expiration.
Banking sanctions lifted
Rodríguez asserted that both the United States and Venezuela possess the "sufficient maturity" to establish energy relations within the framework of their respective national laws. She called for a long-term energy agenda focused on sustainable benefits for future decades.
This push for relief follows an announcement from the U.S. Treasury Department on Tuesday. The Treasury lifted sanctions on several banks controlled by the Caracas government, including the Central Bank of Venezuela, Banco de Venezuela, Banco Digital de los Trabajadores Banco Universal C.A., and Banco del Tesoro.
Latercera.com reported that these changes follow a shift in U.S.-Venezuela relations following the capture of Nicolás Maduro in early January during a U.S. military operation. The move aligns with a broader opening from Washington regarding the energy sector, as the Trump administration seeks to revitalize the Venezuelan oil industry and has already begun trading hydrocarbons with the nation.
