Highlights Waiver allows US suppliers to meet propane shortage Move seen as symbolic of easing of sanctions pressure The US Department of Treasury granted a sanctions waiver July 12 allowing US companies to export or re-export LPG supplies to Venezuela, the first move by the Biden administration to ease sanctions on the economically hard-hit country. Receive daily email alerts, subscriber notes & personalize your experience. Register Now A propane shortage in Venezuela has forced many people to turn to wood stoves for cooking food. An industry source familiar with US sanctions enforcement said the license also appears to allow US banks to facilitate the trades, something otherwise banned under the US sanctions against Venezuela. The source said the move was “very much driven by humanitarian concerns.” “The US government is recognizing literally the pain of the Venezuelan people,” he said. “The US government also must be recognizing that not […]