President Trump has announced the reversal of US concessions to Venezuela regarding an oil transaction agreement, criticizing the Biden administration for leniency towards Nicolás Maduro. He indicated that Venezuela had not fulfilled key commitments and ordered the termination of current agreements effective March 1. This shift marks a significant policy change from the previous administration’s attempts to ease sanctions permitted on oil operations in Venezuela.

President Donald Trump announced on Wednesday the reversal of the United States’ concessions regarding an oil transaction agreement with Venezuela. He criticized the Biden administration for previous leniencies towards Nicolás Maduro’s regime, stating, “We are hereby reversing the concessions that Crooked Joe Biden gave to Nicolás Maduro.” Furthermore, Trump noted that Venezuela had failed to meet conditions tied to the agreement, particularly concerning the transport of “violent criminals” back to their home country.

Trump signaled a definitive end to the current concessions by ordering their termination effective March 1. His comments reflect a significant departure from the previous administration’s approach, which had previously sought to ease sanctions for oil extraction. In 2022, the Biden administration had relaxed some restrictions, allowing Chevron to engage in limited operations in Venezuela following diplomatic advancements between Maduro and the Venezuelan opposition.

These changes came as a result of Maduro’s discussions with opposition leaders in Mexico City and the establishment of a social accord intended for creating an international fund for humanitarian aid. Trump’s recent pronouncements indicate a reversal and a stringent stance towards Venezuela, aiming to highlight unmet commitments under the Biden-era agreement.

In conclusion, President Trump has reversed the concessions extended by the Biden administration to Venezuela concerning oil transactions. His remarks emphasize dissatisfaction with Maduro’s compliance and signal a return to a more hardline approach in US-Venezuela relations. This development coincides with the previous easing of sanctions under Biden, which aimed to foster dialogue in Venezuela’s political landscape.

Original Source: www.aa.com.tr

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