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Trump Announces Reversal of U.S. Concessions to Venezuela on Oil Transactions

Donald Trump declared that the U.S. will reverse oil transaction concessions to Venezuela, originally established on November 26, 2022. Citing unmet electoral conditions and delays in repatriating criminals, Trump ordered the termination of the agreement effective March 1. The decision underscores a tougher stance towards Venezuela under Trump’s revisions of Biden’s policies.

Former President Donald Trump announced that the United States is withdrawing concessions offered to Venezuela regarding an oil transaction agreement. This reversal applies to the agreement established on November 26, 2022, and involves concerns over unmet electoral conditions set by the Maduro regime, which Trump highlighted in his statement on Truth Social.

In his remarks, Trump emphasized that Venezuela has failed to comply with the agreement, particularly in their obligation to repatriate “violent criminals” to Venezuela promptly. He expressed dissatisfaction with the pace of their cooperation, indicating that the lack of action has led to the termination of the concessions previously made under President Joe Biden.

Consequently, Trump stated his directive to cancel the agreement effective immediately, specifically as of March 1st, the date which offered an option to renew. He concluded his message thanking parties for their attention to the matter, reinforcing his commitment to reassessing the relationship with Venezuela based on compliance with U.S. expectations.

In summary, Donald Trump has decided to rescind concessions previously offered to Venezuela regarding oil transactions, citing non-compliance on several fronts. He criticized the Maduro government’s failure to address electoral conditions and the timely repatriation of criminals. The termination of the agreement reflects a shift in U.S. policy under Trump’s guidance, emphasizing stricter adherence to diplomatic conditions.

Original Source: www.yenisafak.com

Lila Khan

Lila Khan is an acclaimed journalist with over a decade of experience covering social issues and international relations. Born and raised in Toronto, Ontario, she has a Master's degree in Global Affairs from the University of Toronto. Lila has worked for prominent publications, and her investigative pieces have earned her multiple awards. Her insightful analysis and compelling storytelling make her a respected voice in contemporary journalism.

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