US Mulls Venezuela Central Bank Relief to Boost Economy (1)

The US is considering lifting sanctions on Venezuela’s central bank to facilitate the flow of billions of dollars into the country’s battered economy, according to people familiar with the matter.

The move would allow proceeds from oil sales to circulate more freely through Venezuela’s financial system, restoring a key channel for hard currency after years of restrictions cut the country off from global banking.

It comes as the Trump administration is trying to find ways to ease economic bottlenecks in Venezuela created by the US’s own sanctions framework. Payments to local companies working to jump start crude production are regularly ...