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Home - South America - USA calls for Venezuela to alter Labor Legal guidelines, Court docket System & Banking System
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USA calls for Venezuela to alter Labor Legal guidelines, Court docket System & Banking System

NextTechBy NextTechFebruary 21, 2026No Comments5 Mins Read
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US President Donald Trump is contemplating a go to to Venezuela, although he didn’t specify when the journey may happen or what agenda it might entail. I’m going to make a go to to Venezuela, Trump advised reporters exterior the White Home on Friday.

The US President addressed the press forward of a visit to Fort Bragg, North Carolina, to satisfy troopers who participated within the January 3, 2026 navy assaults towards Venezuela and the kidnapping of President Nicolás Maduro and First Woman Cilia Flores.

Worldwide Neighborhood condemns US Bombings and Maduro Kidnapping

Questioned by a journalist, Trump acknowledged that Washington acknowledges the Venezuelan authorities led by Appearing President Delcy Rodríguez because the nation’s professional authority.

We’re coping with them, they usually have performed an ideal job. The White Home refused touch upon whether or not the recognition was the administration’s official stance.

In 2019, the primary Trump administration acknowledged the self-proclaimed interim authorities headed by Juanito Guaidó because the nation’s professional authority, prompting the Maduro authorities to sever diplomatic ties.

USA authorizes Plunder Sale of Venezuela’s CITGO to dealer Vulture Fund Elliott

The US regime later transferred its recognition to the defunct opposition-controlled Nationwide Meeting whose time period expired in January 2021.

For the reason that January 3 assaults, Caracas and Washington have fast-tracked a diplomatic rapprochement, with US Chargé d’Affaires Laura Dogu arriving within the Caribbean nation in early February 2026.

An official recognition of the Rodríguez appearing authorities might pave the way in which for the restructuring of Venezuela’s sizable international debt, created by the IMF and hostile US sanctions regime.

USA accuses Maduro of stealing Venezuela’s Rockefeller Oil Reserves

In his Friday press remarks, Trump additional described relations with Venezuelan leaders as being pretty much as good as one might hope for, and added that the relationship with Venezuela immediately is a ten.

Trump moreover highlighted progress in Venezuela’s oil sector. Oil is flowing, and different nations are paying some huge cash for it, and we’re dealing with it. We’re refining it.

Since January, the White Home has imposed management of Venezuelan oil exports, with proceeds deposited in financial institution accounts in Qatar earlier than being partly rerouted to Caracas underneath US-set circumstances.

Venezuela phases Large Rally demanding Maduro Liberation & Return to Caracas

Earlier final week, Venezuelan Appearing President Delcy Rodríguez emphasised in an NBC interview that Maduro stays the nation’s professional president.

She additionally disclosed that she has spoken twice with Trump and has had extra frequent contact with Secretary of State Marco Rubio, and expressed gratitude for the respectful and courteous nature of the talks.

Marco Rubio, probably the most Harmful Man alive

Venezuela’s appearing president went on to announce that she has likewise been invited to go to the USA. We’re contemplating going as soon as we set up cooperation and may transfer ahead with the whole lot.

The invitation reportedly arose throughout a current go to to Caracas by US Power Secretary Chris Wright, who was hosted by Rodríguez at Miraflores Palace on Wednesday.

Wright and Rodríguez later toured the Petroindependencia crude upgrader, a blended enterprise between Venezuela’s state-owned PdVSA and Chevron, within the Orinoco Oil Belt.

Venezuela output slides, however Chevron prepares for first Oil Cargo to US Refineries

The Trump administration official introduced that Chevron would make investments US $100 million to modernize operational amenities, with the purpose of doubling [Petroindependencia’s] productive capability inside 12 to 18 months and quintupling it inside 5 years.

Petroindependencia has a present output of 40,000 barrels per day (bpd).

USA points new Venezuelan Oil Licenses

Following Wright’s Venezuela go to, the US Treasury Division issued two basic licenses, 49 and 50, aimed toward boosting circumstances for Western multinational firms to function in Venezuela’s vitality sector.

Historical past of Gold, Diamonds and Oil-rich Venezuela

The first license permits for the negotiation and signing of future funding contracts, contingent upon the potential issuance of a selected license.

The second waiver authorizes Chevron (USA), BP (UK), Eni (Italy), Shell (UK/NL), and Repsol (*Spain) to conduct transactions and operations associated to hydrocarbon initiatives with PdVSA or every other Venezuelan public entity.

Guyana escalates oil operations in disputed waters with Venezuela

Repsol and Eni, like Chevron, take part in capitalist ventures within the South American nation, whereas the British-headquartered Shell and BP are set to proceed offshore pure fuel initiatives alongside Trinidad and Tobago’s Nationwide Gasoline Firm (NGC) in Venezuelan waters.

Nevertheless, GL50 requires that any contracts fall underneath US jurisdiction and mandates that every one funds to blocked entities—as sanctions towards PdVSA and Venezuela’s banking system stay in place—be made to accounts designated by the US Treasury.

Venezuela bought $4 billion if its oil to Cuba and China

It additionally explicitly prohibits transactions involving any individual or entity linked to Russia, Iran, North Korea, Cuba, or China, in addition to vessels sanctioned by Washington.

The Trump administration has loosened restrictions towards the Venezuelan vitality sector, together with permitting the import of US diluents, inputs and expertise, following a current pro-business overhaul of the nation’s Hydrocarbon Regulation.

The reform granted expanded advantages for personal firms, together with diminished fiscal tasks and expanded management over operations and gross sales.

Venezuela Evaluation / ABC Flash Level Information 2026.


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