The Biden administration on Wednesday broadly eased sanctions on Venezuela's oil sector in response to a deal reached between the government and opposition parties for the 2024 election - the most extensive rollback of Trump-era restrictions on Caracas.
Yes that is a significant part of it. They also wish Venezuela’s agricultural industry functioned because they were a significant food producer before Chavez’ reforms gutted that sector.
Personally I just want El Rey’s Venezuelan chocolate because I can be fairly sure child slavery wasn’t involved in the production of it and it was amazing.