US Treasury Secretary Scott Bessent has told Reuters that additional US sanctions on Venezuela could be lifted as soon as this week to facilitate oil sales, and that he will also meet this week with the heads of the International Monetary Fund and World Bank on their re-engagement with Venezuela.
Bessent said in an interview late Friday that almost $5 billion worth of Venezuela's currently frozen IMF Special Drawing Rights monetary assets could be deployed to help rebuild the country's economy.
"We're de-sanctioning the oil that's going to be sold," Bessent said during a visit to a Winnebago Industries engineering facility.
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