The U.S. Department of the Treasury on Monday lifted sanctions on the export of gas to socialist Venezuela, a boon to the dictatorship in Caracas and its patron government in communist Cuba, which struggles to suppress mounting opposition and calls for the regime's total abolition.
The Office of Foreign Assets Control issued a general license number 40, permitting "All transactions and activities related to the exportation or reexportation, directly or indirectly, of liquefied petroleum gas to Venezuela." as well as the socialist regime's state-owned affiliates, specifically rescinding restrictions that then-President Donald Trump imposed via three executive orders in 2018 and 2019.
Petróleos de Venezuela, S.A., the state-owned company managing the nation's largest oil reserves, fell under socialist control in 1998, when Hugo Chávez nationalized the entity.
Television star Diosdado Cabello, the first vice president of the United Socialist Party of Venezuela PSUV) and Maduro's second-in-command, has for years been identified as a major figure in the international drug trade, with informants naming him as the leader of the Cartel de los Soles.
Formerly the richest nation in Latin America - following the decline of previously richest nation Cuba under communism - due to its vast oil reserves, years of socialist mismanagement have driven the Venezuelan economy into the ground.
A 2020 study revealed that a majority of transactions in Venezuela occurred using the U.S. dollar as a medium.
Director of Petroleum for Venezuela Francisco Rodríguez asserted in 2020 that Cuba owed over $11 billion to Venezuela, with a doubtful prospect for repayment.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Tuesday, July 13, 2021
Joe Biden Lifts Sanctions on Venezuela, Giving Cuba a Lifeline
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