Post #2254

📰 NEWS | Venezuelan Banks Receive 300M From US-Administered Crude Sales, Gov’t Officials Defend Oil Reform Four Venezuelan private banks received US$300 million from an initial US-administered sale of Venezuelan crude, part of a broader US$500 million operation involving oil previously held in storage. The funds were partially injected into the foreign exchange market through bank auctions, with further allocations pending. At the same time, Venezuela’s National Assembly has begun debating a reform of the Hydrocarbon Law. Assembly President Jorge Rodríguez said the legislation seeks to adapt to current economic conditions and ensure that foreign investment is “protected and profitable,” including through Productive Participation Contracts introduced under the 2020 Anti-Blockade Law. Read our full report here 👉🏽https://shorturl.at/Zg3aF #PDVSA#Sanctions#USVenezuelaRelations