US President Donald Trump took to Truth Social on Wednesday to announce he will be reversing oil concessions granted to Venezuela's Nicolas Maduro's government during the previous administration citing failure to return "criminals" from the US.
"We are hereby reversing the concessions that Crooked Joe Biden gave to Nicolas Maduro, of Venezuela, on the oil transaction agreement, dated November 26, 2022, and also having to do with Electoral conditions within Venezuela, which have not been met by the Maduro regime," Trump wrote.
He added that the agreement, dated November 26, 2022, will be terminated "as of the March 1 option to renew." Former President Joe Biden eased sanctions on oil, gas and gold from the country in an effort to get free elections.
