US Grants Gold Trade License to Venezuela
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. government grants select companies license to buy and process Venezuelan gold, easing sanctions but maintaining tight controls. Established firms can import, refine, and sell or export gold, following strict rules and U.S. law. This move comes amidst ongoing U.S. sanctions targeting Venezuelas gold industry, aiming to cut off government funds. Companies cant mine, start new sites, or form joint ventures, and must comply with heavy reporting duties and other export rules.
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