Donald Trump announced that his administration will reverse Biden’s easing of sanctions on Venezuela, focusing on Nicolás Maduro’s government. He criticized Biden’s concessions and declared the termination of an ineffective agreement regarding oil transactions and criminal deportations. The move could adversely affect Chevron, and Secretary Marco Rubio confirmed compliance with Trump’s directives to rescind prior oil licenses.

Former President Donald Trump announced plans this week to reverse the Biden administration’s recent decisions aimed at easing sanctions on Nicolás Maduro’s Venezuelan government. Trump criticized President Biden for the concessions afforded to Maduro, specifically mentioning the oil transaction agreement established in late November 2022 that the Maduro regime has failed to comply with regarding electoral conditions and criminal deportations.

In his statement, Trump emphasized, “We are hereby reversing the concessions that Crooked Joe Biden gave to Nicolás Maduro, of Venezuela, on the oil transaction agreement…” He also highlighted the insufficiency of the Maduro regime in fulfilling its obligations, insisting that he will terminate the ineffective Biden agreement, effective March 1st.

This shift in U.S. policy notably impacts Chevron, which was allowed to continue operations in Venezuela under the prior administration’s waiver. Secretary of State Marco Rubio expressed his intentions to adhere to Trump’s directives, asserting that he would terminate all oil and gas licenses granted during the Biden era, which he decried as facilitating support for the Maduro regime.

The announcement follows a visit from Richard Grenell, Trump’s special envoy, to Venezuela, where commitments were reportedly made regarding the acceptance of deportation flights from the United States. Mauricio Claver-Carone urged the Maduro government to heed the envoy’s message, warning of potential consequences for non-compliance.

In summary, the recent actions by Trump signify a significant pivot in U.S. foreign policy towards Venezuela, aimed at reestablishing stringent sanctions against the Maduro regime. This stance not only challenges the previous administration’s softer approach but also seeks to hold Maduro accountable for unmet agreements. With potential ramifications for companies like Chevron, the developments necessitate close attention as they unfold in the coming weeks.

Original Source: www.dailywire.com

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