On March 27, the United States (US) government issued new general licenses that authorize commercial operations linked to critical minerals in Venezuelan territory. The measure seeks to integrate Venezuela into the supply chain of essential materials for Washington's technological and economic security, broadening the spectrum of the easing of sanctions that began at the beginning of the year.

The US authorizations allow specific activities in a sector that Washington considers strategic. This decision complements the licenses previously granted for the hydrocarbons and gold areas. The measure shows a policy of openness towards foreign investment in extractive industries, key to the reconstruction of the national productive apparatus. For an analysis of this report. LINK

For the past two months the Treasury Department has been working at full speed to revive the Venezuelan economy and redirect investment for the benefit of both Americans and Venezuelans. As a continuation of this work, the Treasury Department's Office of Foreign Assets Control today issued general licenses authorizing certain activities related to minerals of Venezuelan origin," the Treasury Department wrote on its social media.

The current scheme allows international companies to operate not only in the oil and gas sector, but now in high-tech mining. The Venezuelan Executive, under the management of Delcy Rodríguez, has pointed out that these licenses are essential to provide legal certainty to investors who attend international forums such as the recent CERAWeek¹.

The reestablishment of these commercial links occurs in parallel to the reactivation of consular and diplomatic channels, which facilitates operational logistics for companies that wish to re-enter the Venezuelan market under the protection of U.S. regulations. For a detailed explanation of how to apply and receive a license. See subreport.