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
Lebanese Ministry of Health: Two people, including a soldier, were injured in an Israeli airstrike near the town of Beit Yahoun, Bint Jbeil District, in South Lebanon
Araghchi: Iran is committed to diplomacy and expects the lifting of unjust and unilateral sanctions that directly target its people
Araghchi: We want a fair and balanced agreement reached within the framework of the Nuclear Non-Proliferation Treaty with full respect for Iran's nuclear rights
Araghchi: Iran has always sought to alleviate legitimate international concerns about its nuclear program through transparency
Araghchi: Iran is committed to the principle of not producing or deploying weapons of mass destruction
Araghchi: Iran is committed to the Nuclear Non-Proliferation Treaty and has never sought to possess nuclear weapons based on its principles
Araghchi: Iran has always emphasized that it does not seek nuclear weapons, and we call for a fair and just agreement that guarantees our national interests and lifts sanctions
Araghchi: We call for a referendum in Palestine so that the Palestinians can decide their fate
Araghchi: The Zionist entity is a threat to the countries of the region, and a real solution must be reached
Araghchi: Iran wishes nothing but good, progress, and development for its neighboring countries, and we must expand economic and structural projects with them

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

Trump regional strategy 'made over Netanyahu’s head': NYT

Mexican navy ship crash at Brooklyn Bridge kills 2, injures 17

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

Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025
Gaza and the logic of necropolitics: Sovereignty measured by killing

Gaza and the logic of necropolitics: Sovereignty measured by killing

  • Politics
  • 15 May 2025
Palestinians pray over bodies of people killed in the Israeli bombardment who were brought from the Shifa hospital before burying them in a mass grave in the town of Khan Younis, southern Gaza Strip, Wednesday, Nov. 22, 2023. (AP )

Gaza casualty figures mask a much bigger horror, new study shows

  • Politics
  • 11 May 2025
Abu Obaida

Abu Obeida posts shortly after Israeli reports about his assassination

  • Palestine
  • 15 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
A Microsoft sign and logo are pictured at the company's headquarters, Friday, April 4, 2025, in Redmond, Wash. (AP)
Technology

Microsoft admits supplying AI to 'Israel' amid Gaza carnage

Israeli occupation’s tanks parked in a staging area near the border with Gaza, Friday, May 16, 2025. (AP)
Politics

'Israel' launches multi-axis assault in Gaza under 'Gideon’s Chariots'

People stand at the train ticket counter of NJ Transit at Penn Station, amid a strike by New Jersey Transit train engineers, in New York, Friday, May 16, 2025. (AP)
Economy

Commuters stranded amid first New Jersey railway strike in 40 years

Trump's tax bill stalls as Republican opposition demands deeper cuts
US & Canada

Trump's tax bill stalls as Republican opposition demands deeper cuts

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