💨 Abstract
US President Donald Trump announced the reversal of concessions made by the Biden administration on an oil transaction agreement with Venezuela, citing unmet electoral conditions and slow pace of deporting violent criminals. The decision affects US-based Chevron's operations in Venezuela, which were authorized under the Biden administration but will not be renewed from March 1st. Venezuelan Vice President Delcy Rodriguez criticized the move as harmful to both countries and their companies.
Courtesy: theprint.in
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