Trump Announces Termination of Biden’s Concession Agreement with…

Donald Trump intends to terminate the Biden-era “Concession Agreement” with Venezuela due to unmet conditions, particularly regarding the pace of repatriating deportees. He is reversing earlier concessions related to the oil agreement that allowed Chevron to operate in Venezuela, criticizing President Nicolás Maduro’s regime for not adhering to the terms set forth.

Former President Donald Trump announced the termination of the Biden administration’s “Concession Agreement” with Venezuela, citing delays by the Venezuelan government in repatriating deportees as a primary reason. He declared this decision effective as of March 1, emphasizing his administration’s intent to withdraw from previous concessions made after an oil transaction agreement on November 26, 2022. Under this agreement, President Biden allowed Chevron to resume oil extraction in Venezuela, a country rich in oil reserves yet hindered by U.S. sanctions and financial constraints.

In conclusion, Donald Trump’s recent statements reflect a clear withdrawal from the Biden administration’s diplomatic agreements with Venezuela. His criticism of both the Maduro regime’s electoral practices and the lack of timely deportations indicates a shift towards a more stringent stance on Venezuela under his proposed policies. This move aligns with his broader agenda to revisit U.S. relations with nations he perceives as failing to meet diplomatic obligations.

Original Source: www.news10.com