WASHINGTON – The Treasury Department announced Tuesday that it has approved new general licenses permitting financial dealings with select Venezuelan banking institutions and certain government officials from the South American nation.
According to official documents released on the Treasury Department’s website, the authorization covers Venezuela’s central bank, which faced U.S. sanctions in April 2019, along with three government-owned financial institutions: Banco de Venezuela, Banco del Tesoro, and Banco Bicentenario del Pueblo de la Clase Obrera, Mujer y Comunas.
The new licensing represents a shift in the Trump administration’s approach to economic restrictions on Venezuelan financial entities, allowing previously prohibited transactions to move forward under specific conditions.
