https://www.taxtmi.com/news?id=35405 The administration terminated a general license that exempted a U.S. energy company from economic sanctions, revoking authorization to export and sell Venezuelan oil in the United States. The move, framed as reversing prior concessions tied to political conditions, removes a channel of government revenue and underscores use of export licensing as a conditional foreign policy instrument; the company says it is assessing implications and maintains compliance with applicable laws. en-us Thu, 27 Feb 2025 03:16:02 +0530 Thu, 27 Feb 2025 03:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=35405 The administration terminated a general license that exempted a U.S. energy company from economic sanctions, revoking authorization to export and sell Venezuelan oil in the United States. The move, framed as reversing prior concessions tied to political conditions, removes a channel of government revenue and underscores use of export licensing as a conditional foreign policy instrument; the company says it is assessing implications and maintains compliance with applicable laws. News - Thu, 27 Feb 2025 03:16:02 +0530 https://www.taxtmi.com/news?id=35405