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USA announced that she would again carry out her sanctions against Venezuelamainly against him energy sectorBut since there are those at the negotiating table who get up and
USA announced that she would again carry out her sanctions against Venezuelamainly against him energy sectorBut since there are those at the negotiating table who get up and leave, and later sit down again, economist Francisco Rodriguez of the University of Denver says it’s too early to say whether the US will follow through and, in any case, what the consequences will be:
Much remains to be determined. There is still a lot to be done. The most important moment is April, when it will be possible to renew the 44 license or not.
Cancel license 44
license No. 44 What Francisco Rodriguez is talking about is one of the licenses issued by Washington that provides oil relief measures for Venezuela. The other is No. 43 which allows transactions Minerwena mining company owned by the Venezuelan government, and license 41specially provided by Chevron for oil production.
“I don’t think we will see an immediate effect until license 44 is cancelled. License 43, which covers the state-owned mining company. Minerwen, has so far had no serious practical consequences. This is license revocation Minerwen I think it’s essentially symbolic. Even if there is a revocation of license 44, which is an oil license,” comments Francisco Rodriguez.
“What you have to understand is that there is still no major oil company that uses license 44, at least to produce oil, because Chevron “He uses license 41, which he received in 2022, a special license that will probably be retained,” he emphasizes.
Business relationship
US sanctions could also disrupt Venezuela’s trade relations with other countries, he says.
Here, too, a lot depends on practice. For example, if the United States government decided that it was going to revoke the 44 license in April, but nevertheless sent a signal to companies in Europe or India that they could continue to operate in Venezuela and/or trade with Venezuela, then the impact would not would. it won’t be that big.
“If the United States sends a clear signal, as it has over the past few years, that it is willing to impose sanctions on foreign companies that trade with Venezuela, even though they are not directly related to the jurisdiction of the licenses issued by the United States States, then there could be a greater effect,” the economist concludes.
In response, the Vice President of Venezuela Delcy Rodriguez He posted on his social networks that this is gross and unlawful blackmail by the United States.
Venezuela completely rejects the gross and unlawful blackmail and ultimatum issued by the US government. If they take the wrong step to increase economic aggression against Venezuela, then at the request of extremist lackeys in the country, as of February 13, they will be recalled from… https://t.co/cLo5Di2Dck
— Delcy Rodriguez (@delcyrodriguezv) January 30, 2024
RFI
Source: Aristegui Noticias
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