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Venezuela condemns US cash-less authorizations

Venezuela has condemned the decision by the United States to grant licenses to countries and companies to resume taking crude oil from Caracas on the condition no funds be paid to Venezuela.

On January 24, the Trinidad & Tobago government welcomed the decision by the United States Treasury Department to grant a license to Port of Spain to develop a major gas field located in Venezuelan territorial waters.

The US license means Trinidad &Tobago will be allowed to resume doing business with Venezuelan heavily sanctioned state-run oil company PDVSA, even though the Maduro regime will not be permitted to receive any cash payments from this project.

In a broadcast yesterday, President Maduro criticized the US Treasury's Office of Foreign Assets Control, which issued the licenses, and said it is trying to dictate how to do business with Venezuela state and private companies.