Bessent signals potential Venezuela sanctions relief 'as soon as next week': report

Group 1 - The U.S. may soon lift additional sanctions on Venezuela to support oil sales, with Treasury Secretary Scott Bessent indicating that this could happen "as soon as next week" [1][4] - Bessent plans to meet with the heads of the IMF and World Bank to discuss renewed engagement with Venezuela, emphasizing the de-sanctioning of oil sales [1][4] - Approximately $5 billion in Venezuela's frozen IMF Special Drawing Rights (SDRs) could be unlocked to aid the country's economic recovery, with Venezuela currently holding about 3.59 billion SDRs valued at roughly $4.9 billion [4] Group 2 - U.S. sanctions have historically restricted international financial dealings with Venezuela's government, and the potential sanctions relief is part of a broader effort by the Trump administration to stabilize Venezuela and promote U.S. investment in its oil sector [7] - An executive order signed by President Trump blocks U.S. courts from seizing Venezuelan oil revenues held in American Treasury accounts, stating that such actions would pose an "unusual and extraordinary threat" to U.S. national security and foreign policy [7][10]