The Trump administration is set to revoke Chevron’s license to operate in Venezuela, ending the General License 41 issued by the Biden administration. This action reflects a shift towards increased sanctions and is criticized by Venezuelan officials as harmful to both nations. Analysts suggest this decision caters to hardliners in U.S. politics, highlighting the ongoing tension between the Trump administration and Venezuela.
On February 27, 2025, the Trump administration announced the revocation of Chevron’s U.S. Treasury license to operate within Venezuela, ending the General License 41 that permitted Chevron to resume operations in the country. President Trump indicated that the decision stemmed from Venezuela’s noncompliance with electoral reforms and delays in the deportation of violent offenders. This move marks a clear shift from the previous administration’s engagement with Venezuela, which had seen some level of diplomatic interaction, including a meeting between Special Envoy Richard Grenell and President Nicolás Maduro.
The withdrawal of Chevron’s license is poised to have significant ramifications for Venezuela’s economy, potentially leading to a loss of billions in revenue. It represents a return to harsher sanctions against the country, while also raising concerns about the broader geopolitical implications. Both political entities in the U.S. and Venezuela have expressed divergent views on the effects of these sanctions, with each side preparing for upcoming challenges in their bilateral relations.
Original Source: venezuelanalysis.com
