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US issues a license that authorizes sales of Venezuelan gold
The license excludes Russia, Iran, North Korea, and Cuba and mandates payments to sanctioned individuals flow through U.S. Treasury accounts, aiming to attract foreign investment.
- On Friday, the U.S. issued a license authorizing dealings with Minerven, Venezuela's state-owned gold mining company, after Doug Burgum met with acting President Delcy Rodríguez and over two dozen U.S. mining firms.
- Amid security risks, Venezuela's government gave security assurances to more than two dozen U.S. mining and minerals companies, many of which previously operated there.
- Under the license, firms and individuals from Russia, Iran, North Korea and Cuba are barred from contracting with Minerven, and officials framed the move as countering China’s influence over critical minerals.
- The license advances a plan to turn around Venezuela after U.S. forces captured then-President Nicolás Maduro, coinciding with efforts to claim a sanctioned tanker and nearly 2 million barrels of petroleum.
- Legal changes and security assurances are reshaping investor prospects in Venezuela as Delcy Rodríguez signed a law opening Venezuela's oil sector to privatization, creating openings for U.S. mining and minerals companies that previously operated there.
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36 Articles
36 Articles
The US has re-released the trade in gold from Venezuela under certain conditions.
·Germany
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Gold Reserve Notes Issuance of OFAC General License 51 Related to Venezuelan-Origin Gold
PEMBROKE, Bermuda -- Gold Reserve Ltd. (“Gold Reserve” or the “Company”) (TSX-V: GRZ, BSX: GRZ.BH, OTCQX: GDRZF) today noted the issuance by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) of General License 51 (“GL 51”), which authorizes certain transactions involving Venezuelan-origin gold under specified conditions.
·Canada
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U.S. issues license authorizing certain activities involving Venezuelan-origin gold
NEW YORK, March 6 (Xinhua) -- The Office of Foreign Assets Control under the U.S. Department of the Treasury on Friday issued a general license authorizing certain activities involving Venezuelan-origin gold. Read full story
·Malaysia
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Coverage Details
Total News Sources36
Leaning Left6Leaning Right4Center25Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
L 17%
C 72%
11%
Factuality
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