On March 5th, the US Treasury Department released the latest general license information on March 4th local time, requiring the gradual termination of transactions related to the joint venture between Venezuela and Chevron. The deadline is 00:01 local time on April 3, 2025. On February 26th, US President Trump announced the revocation of the previous government’s “concessions” to Venezuela in the oil trade agreement and the termination of oil trading with Venezuela. (CCTV News)
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