According to CCTV News, U.S. Treasury Secretary Scott Bessent said on Jan. 10 local time that the United States may further lift sanctions on Venezuela as early as next week to boost the country's crude oil sales and facilitate re-engagement between international financial institutions and Venezuela.
Bessent revealed that the U.S. is considering using Venezuela's frozen Special Drawing Rights (SDR) with the International Monetary Fund for the country's economic reconstruction.
When discussing corporate investment, Yellen noted that small and medium-sized private energy companies may be the first to return to Venezuela, moving faster than some major oil companies. She pointed out that Chevron, which has long operated in Venezuela, "is expected to significantly increase its investment commitments." Yellen also stated that the U.S. Export-Import Bank could play a role in providing financing guarantees for oil and gas projects in Venezuela.
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