The Treasury Department announced Friday that it has authorized new general licenses related to critical mineral investments and operations in Venezuela.
According to information posted on the Treasury Department’s website, these licenses permit “the supply of certain items and services for minerals operations” and “negotiations of and entry into contingent contracts for certain investment in Venezuela’s minerals sector.”
In a post shared on X, the department explained that these licenses are designed “to bring the Venezuelan economy back online and reorient investment to benefit Americans and Venezuelans.”
