The U.S. Treasury Department has relaxed restrictions on doing business with Venezuelan banks and certain individuals in Caracas, after years of sanctions imposed during the socialist regime of former leader Nicolás Maduro, who was ousted in January.
Financial transactions will be permitted with Venezuela’s central bank, which was sanctioned in April 2019, and with the state-owned Banco de Venezuela, Banco del Tesoro, and Banco Digital de los Trabajadores, following the U.S. Treasury’s issuance of a general license on April 14.
The Trump administration is seeking to encourage U.S. corporations and individuals to invest in Venezuela, following the resumption in March of full diplomatic relations with the government of de facto leader Delcy Rodríguez, who replaced Maduro after he was captured….