The United States announced on Tuesday (14th) the end of two economic sanctions against Venezuela. The measure allows Venezuelan public banks to return to operating with greater normalcy in the international financial system. The sanctions maintain some restrictions.
The United States imposed sanctions on Venezuela's public banking system starting in 2017, during Donald Trump's first term. According to estimates, these measures caused Venezuela to lose oil revenues equivalent to 213% of its GDP between January 2017 and December 2024, totaling losses of approximately $226 billion.
US suspends sanctions against Venezuelan public banking system on April 14
Central Bank of Venezuela is included in the suspension
Public banks such as Banco del Tesoro and Banco Digital de los Trabajadores were released
Transactions with Russia, Iran, North Korea and Cuba remain prohibited
Decision was announced by the US Department of Treasury
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (2)
Transactions involving PDVSA remain prohibited
Opening new bank accounts is not permitted, only maintaining existing ones
Conflicting versions (1)
When the sanctions were imposed
No gaps declared — all sources converge on the material facts.