US Eases Venezuela Sanctions to Boost Fertilizer Imports
The US Treasury issued licenses allowing fertilizer imports from Venezuela and power grid investment. This aims to help farmers facing high costs from the Iran war.
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The United States has expanded sanctions waivers on Venezuela to facilitate investment in the South American nation’s energy and petrochemical sectors. This move is intended to allow for the export of fertilizer to support American farmers who are dealing with rising costs linked to the conflict with Iran. The U.S. Treasury Department issued three updated general licenses to support the revitalization of the Venezuelan energy industry while ensuring global commodity markets remain well-supplied.
"These authorizations expand permitted investment and activities in Venezuela’s energy industry and allow for the export of fertilizer directly to the U.S. to support our great American farmers."
