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At the same time, the document contains direct restrictions on the participation of a number of countries, including Russia, in such transactions.
The license allows “certain activities” related to the export and turnover of Venezuelan oil. However, the list of prohibited operations is specified separately.
In particular, any transactions involving individuals and legal entities located in Russia or registered in accordance with Russian law are prohibited, meduza.io co writes with reference to the US Treasury Department.
Similar restrictions apply to Iran, North Korea and Cuba.
An additional paragraph of the document prohibits transactions with companies located in Venezuela or the United States (or created under their laws), if they are directly or indirectly owned or controlled by persons located in China.
Background to the decision
The decision comes amid changes in the political situation in Venezuela. In early January, Donald Trump’s administration demanded that acting head of state Delcy Rodriguez open access for US oil companies to the country’s fields and stop supplying oil to states that Washington considers its opponents.
Russian businessman Oleg Deripaska said earlier that the possible establishment of US control over Venezuelan oil resources could significantly change the global balance on the energy market. According to his assessment, in such a case more than half of the world’s oil reserves could be under Washington’s influence, which would allow the US to put pressure on the level of world prices.
