Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent in South Lebanon: One martyred in the Israeli drone strike on a car in the town of Kawnin
Al Mayadeen's correspondent in South Lebanon: Israeli drone targets a car in the town of Kawnin
Naeini: If our national interests are attacked again, our response this time will be stronger and more destructive
Naeini: The war has proven that the settlers are defenseless against Iranian missile and drone forces
Naeini: Trump lacks an understanding of the true strength of the Iranian people and is so deluded as to believe he can change the reality of Iran's victory
Naeini: The defeat led to Trump's confusion and loss of balance, which was reflected in his ill-considered statements
IRGC spokesperson Brigadier General Mohammad Naeini: Trump's statements are a result of his defeat against Iran, and we advise him to abandon absurd policies
Gaza Government Media Office: The number of children martyred due to malnutrition has risen to 66
Saree: Loyal Yemen will not abandon its religious, moral, and humanitarian duties toward the Palestinian people
Saree: Over the past week, we carried out military operations targeting sensitive sites and military installations in Beer al-Sabe', Yafa, and Haifa via a number of ballistic missiles and drones, which were all successful

Venezuela: US easing sanctions is a 'stick and carrot' policy

  • By Al Mayadeen English
  • Source: Agencies
  • 19 May 2022 09:53
  • 1 Shares
3 Min Read

The US looks to ease sanctions for Venezuelan oil to preserve its oil interests - Caracas takes precaution.

  • x
  • Venezuela: US easing sanctions is a 'stick and carrot' policy
    Venezuelan National Assembly lawmaker Julio Chavez

Venezuela should be cautious about the partial lifting of US sanctions, according to Venezuelan National Assembly lawmaker Julio Chavez to Sputnik. 

"We should look at things with caution, I think that this decision by the United States government fits into the 'stick and carrot' policy. On the one hand, easing, on the other, cracking down, this is, of course, how it happens," Chavez, a member of the ruling United Socialist Party of Venezuela (PSUV), said.

The US Department of Treasury, according to a senior US administration official, has issued a license that allowed oil companies such as Chevron, to conduct talks with the Venezuelan government regarding future activities in the country. 

Read more: US trying to sign energy deals with Iran, Venezuela

 

As the energy crisis affects the globe and threatens an economic implosion in Europe, Washington has been looking for energy alternatives to diminish European dependency on Russian energy. Within this context, this was also emphasized by Chavez.

Related News

Iran advanced nucl. state; program undestroyable militarily: Grossi

Tehran funeral procession turns into vow of defiance against 'Israel'

The US administration contended that although sanctions were eased on Caracas, there are no implications for joint projects with PDVSA, a Venezuelan oil company. 

“This.. reflects the severe crisis that the United States is experiencing, the levels of stagflation, the high cost of fuel and energy, food, unemployment and everything related to this belligerent campaign and the use of NATO for a military attack on Russia on the territory of Ukraine. And that it [the campaign] is hitting themselves," the lawmaker said.

Venezuela, from 2014 to 2020, lost 98.6% of all external foreign exchange revenues due to US sanctions. 

Payments by PDVSA to the country's central bank for the timeframe decreased from $56.609 billion to $73.4 million a year, or more than 99 percent.

Venezuela could supply oil to West in mid-2022 if sanctions removed

Venezuela could begin supplying oil to the United States and Europe in the middle of 2022, provided that the West removes the sanctions they imposed on Caracas, Venezuelan National Assembly oil and energy committee chairman Angel Rodriguez told Sputnik.

"If the [unilateral] measures are suspended ... considering what we have already achieved at the moment, we could supply energy that the US and Europe need so much in the middle of the year," the Venezuelan official said. 

He revealed that for Caracas and Washington to strike a deal, the latter should make Venezuela an offer, Rodriguez said, explaining that the key factor disrupting the country's economic situation is the US itself.

The legislator hoped that a possible resumption of oil exports to the US and Europe would not affect Caracas' relations with Moscow.

  • United States
  • Julio Chavez
  • Venezuela
  • Sanctions On Venezuela

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli occupation soldiers search for settlers amid the rubble of buildings destroyed by an Iranian missile strike in Bat Yam, central occupied Palestine, on Sunday, June 15, 2025 (AP)
Politics

Iran missile strike flattens Bat Yam, displaces 2,000 settlers

Palestinian fighters from the Islamic Jihad militant group riding on a truck with weaponry on display take part in an anti-Israel parade marking the 36th anniversary of the movement's founding, in Gaza City, Wednesday, Oct. 4, 2023 (AP)
Politics

Palestinian Resistance attacks Israeli forces in Khan Younis, Jabalia

Iranian Foreign Minister Abbas Araghchi stands waiting to meet Russian President Vladimir Putin for the talks at the Kremlin in Moscow, Russia, Monday, June 23, 2025 (AP)
Politics

Iran suspends IAEA cooperation, Araghchi blames Grossi for attacks

The commander of the Quds Force's Palestine Unit, Brigadier General Mohammad Said Izadi (Illustrated by Mahdi Rtail for Al Mayadeen English)
Politics

Who was Mohammad Said Izadi, head of the Quds Force's Palestine Unit?

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS