The United States is considering loosening sanctions on Venezuela so Chevron Corp can pump oil in the country if Caracas takes steps towards restoring democracy, the Wall Street Journal has reported.Under the proposed deal, the Biden administration would ease some sanctions in exchange for Venezuelan President Nicolás Maduro resuming talks with the political opposition on the conditions needed to hold free and fair elections in 2024, the newspaper reported on Wednesday, citing people familiar with the proposal.US officials said the deal had not been finalised and could fall through if Maduro’s government did not resume negotiations with opposition parties, according to the report.
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