Bank Of Baku

US prepares to lift some restrictions on Venezuela

US prepares to lift some restrictions on Venezuela
# 23 October 2026 06:43 (UTC +04:00)

The US Treasury Department plans to remove Venezuela from a list of countries subject to strict investment restrictions, APA reports, citing Reuters.

According to the agency, the department has drafted an order amending rules in force since December 2025.

Under those rules, US companies and organisations must obtain approval from Washington to invest in several sectors, including semiconductor manufacturing, artificial intelligence, supercomputers and hypersonic systems.

The restrictions currently apply to Russia, Venezuela, Iran, China, North Korea and Cuba.

Removing Venezuela from the list would lift most of the investment restrictions covered by these rules.

The Treasury Department will consider proposals to refine the draft order until December 7.

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THE OPERATION IS BEING PERFORMED