
In response to the agreement, the United States announced that they will again allow the oil company Chevron to import oil and derivatives produced in Venezuelan territory, as long as the state-owned giant in the country of Nicolás Maduro, PDVSA, does not benefit financially. According to a statement from the US Treasury Department, the easing would be in line with “Washington’s historic policy of easing sanctions based on measures that alleviate the suffering of the Venezuelan people and support the resumption of democracy”.