Washington has been putting pressure on Caracas with hefty economic sanctions for nearly three years in an attempt to force its democratically elected President Nicolas Maduro to resign from his post and hand over his power to the opposition.
The US Treasury has issued a licence that would allow government agencies and businesses to conduct certain transactions without fearing sanctions from the Venezuelan opposition, including its prominent figure Juan Guaido, who proclaimed himself the country’s interim president. According to the Treasury, any official, designate, or representative “appointed” by Guaido to “act on behalf of the government of Venezuela”, also enjoys this waiver.
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