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U.S. Eases Restrictions To Let Venezuelan Embassy Resume Banking

The licence is a concrete step in a rapid U.S.–Venezuela thaw following Nicolás Maduro’s January capture.

Overview

  • The U.S. Treasury issued a new licence that lets Venezuelan diplomatic missions in the United States pay for official needs and for personal use by accredited staff.
  • Banks in the U.S. can now hold accounts and extend credit for those missions, while purchases or sales of embassy real estate remain banned.
  • Washington and the interim government in Caracas restored diplomatic ties earlier in March, and Delcy Rodríguez said a Venezuelan delegation will travel to the U.S. to advance the reopening of missions.
  • Nicolás Maduro remains in U.S. custody in New York on narcotics and weapons charges, with a Manhattan court appearance expected this week.
  • At CERAWeek and in an AFP interview, María Corina Machado said the chavista system is being dismantled under President Trump’s direction, backed full oil privatization, and criticized a new amnesty she says is applied selectively.