Report: Biden sanctions relief prompts 113% growth of U.S-Venezuela trade

CARACAS, Venezuela — Trade between Venezuela and the United States grew 113 percent during the first half of 2023 compared to the same period in 2022, according to the Caracas-based Venezuelan-American Chamber of Commerce and Trade (Venamcham), a non-governmental organization.

Venamcham’s general manager Luis García explained to the Spanish EFE news agency on Wednesday that the oil sanctions relief granted by the administration of leftist U.S. President Joe Biden to the socialist regime of Venezuela’s dictator Nicolás Maduro in November helped fuel the surge in commerce between the two countries in 2023.

Last year, the Biden administration eased oil sanctions imposed on Venezuela’s rogue socialist regime during the administration of former President Donald Trump in 2019. The sanctions lifting was part of a now-frozen round of negotiations between the Maduro regime and the Venezuelan…

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Report: Biden sanctions relief prompts 113% growth of U.S-Venezuela trade

 

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