ties

Two weeks ago, LIV Golf did its best to conceal the fact that the Saudi Public Investment Fund would cease to bankroll the league after the current season, only to have LIV CEO Scott O’Neill let the truth slip during a television interview.

This week, the intentions of PIF and consequences to LIV are known by all.

LIV Golf announced Thursday that it has established a new independent board that will attempt to keep the league afloat utilizing a “diversified, multi-partner investment model.” In other words, a model that doesn’t include PIF.

PIF Governor Yasir Al-Rumayyan no longer will serve as LIV Golf chairman, another unmistakable signal that the Saudi sovereign wealth fund worth an estimated $1 trillion is cutting ties with financially troubled LIV.

LIV Golf was supposed to be a key component in Saudi Crown Prince Mohammed bin Salman’s “Vision 2030” plan to diversify the kingdom’s economy away from oil. PIV lured megastar golfers Phil Mickelson, Jon Rahm, Bryson DeChambeau, Dustin Johnson and others away from the PGA Tour by shoveling hundreds of millions of dollars into their bank accounts.

Al-Rumayyan, Prince bin Salman’s trusted technocrat, was charged with implementing the plan, but LIV Golf has failed to attract significant viewership or commercial sponsors despite innovations such as a 54-hole format and a team model.

When LIV and the PGA Tour came to a short-lived, tentative agreement to end pending litigation and potentially join forces in 2023, Al-Rumayyan was a key figure in the negotiations.

A last-ditch effort to broker a merger between the rival leagues took place in the White House in February 2025 when President Trump hosted Al-Rumayyan, PGA Tour commissioner Jay Monahan and Tiger Woods. No agreement was reached.

Now, apparently, PIF will attempt to turn its attention to initiatives that don’t bleed billions. The fund has invested more than $5 billion into LIV Golf since it was launched in 2022 and is reportedly spending $100 million per month this year.

The wealthy but suddenly unmoored LIV golfers have been left to scramble like a weekend hacker trying to salvage a bogey after chipping into a sand trap.

LIV Golf Louisiana announced that the tournament scheduled for June 25-28 in New Orleans has been postponed. A new date hasn’t been set. However, an official told ESPN on Thursday that next week’s tournament at Trump National Golf Club outside Washington, D.C., will take place as planned.

Six other tournaments remain on the schedule that concludes with LIV team championships on Aug. 27-30 at The Cardinal at Saint John’s in Michigan. Tournaments outside the United States are scheduled for South Korea, Spain and Great Britain.

Hired Thursday to come up with a financial model to keep LIV afloat sans PIF are Gene Davis and Jon Zinman, described in a LIV statement as “seasoned experts with proven track records of navigating complex situations and unlocking value for global organizations.”
 
LIV Golf’s contorted spin on acknowledging that PIF will no longer subsidize the league was a statement saying it will focus on ”securing long-term financial partners to support its transition from a foundational launch phase to a diversified, multi-partner investment model.”

Davis, the newly appointed chairman of the LIV Independent Directors Committee, sees opportunity in the face of a PIF-less future.

“LIV Golf has built something truly differentiated — a global league with passionate fans, world-class talent, and demonstrated commercial momentum,” he said in a statement. “The executive leadership team, along with Jon and I, see a clear opportunity to help the league formalize its structure, attract and secure long-term capital, and position the business for growth while continuing to promote the game across the world.

“ We look forward to positioning LIV Golf for future success.” 

WASHINGTON — King Charles III will address a joint session of Congress on Tuesday, becoming the second British monarch in history to do so as the United States commemorates the 250th anniversary of its independence from England.

The king’s address, the centerpiece of a four-day state visit, comes at a moment of unusual strain between Washington and London. President Trump has repeatedly clashed with British Prime Minister Keir Starmer over the United States’ war with Iran, derided the British government’s refusal to commit forces to the conflict and even mocked the Royal Navy’s battleships as “toys.”

At a welcome ceremony for the king and Queen Camilla at the White House, Trump struck a more appreciative tone, describing the relationship between the two nations as a centuries-old “cherished bond.”

“Long before Americans had a nation or a Constitution, we first had a culture, a character and a creed,” the president said. “Before we ever proclaimed our independence, Americans carried within us the rarest of gifts — moral courage — and it came from a small but mighty kingdom from across the sea.”

Trump said that some may think it is “ironic” to honor the British king during celebrations of America’s independence, but argued the tribute “could not be more appropriate.”

“Americans have had no closer friends than the British,” Trump said. “We share the same root. We speak the same language. We hold the same values. And together, our warriors have defended the same extraordinary civilization under twin banners of red, white and blue.”

Trump said he will not be attending the king’s remarks at the Capitol due to security protocols, but said he planned to watch from afar. He did not elaborate on any security concerns, but the decision comes in the aftermath of a shooting at the White House correspondents’ dinner in which authorities said Trump was a likely target.

Following the welcome ceremony, the king joined Trump in the Oval Office for a closed-door bilateral meeting.

The president appeared to be enjoying the visit. He told the crowd at the White House that his late mother “loved” the royal family and watched their events on television. The president even joked his mother had a “crush” on the king when he was younger.

“I wonder what’s she’s thinking right now,” he said.

Earlier in the day, Trump posted on Truth Social that he planned to raise with the king and queen a media report suggesting his family roots may be tied to the royal family, a prospect he appeared to find amusing.

“I’ve always wanted to live in Buckingham Palace!!!” the president said in the post.

The king is scheduled to address Congress at 3 p.m. EDT. He is expected to delivered prepared remarks about the two nations’ shared history and their enduring diplomatic ties, while offering measured acknowledgment to the tensions defining the current moment.

The only precedent for an address by a British monarch was 35 years ago, when Queen Elizabeth II addressed a joint session of Congress in 1991. The timing of her address came after the end of the Gulf War.

How the king will address the current geopolitical tensions, including the Iran war and Trump’s threats to leave the North Atlantic Treaty Organization, remains to be seen.

But hanging over the king’s visit is the shadow of the Jeffrey Epstein scandal.

Rep. Ro Khanna (D-Fremont), one of the most vocal lawmakers pushing for the release of the Epstein files, last month requested that the king privately meet with some of the women who were sexually abused by the late financier.

The request was made in a letter to Buckingham Palace. In it, Khanna noted that the Epstein scandal extended to Britain, where the king’s brother, Andrew Mountbatten-Windsor, was tied to the alleged misconduct.

In February, the former Prince Andrew was arrested on suspicion of misconduct in public office related to his links to Epstein, marking the first time in nearly four centuries that a senior British royal was criminally apprehended.

But the king declined to meet directly with the survivors, Khanna said in an MS NOW interview on Tuesday morning. The California Democrat said he expects the king to address the issue during his remarks to Congress.

President Alexandr Lukashenko is hoping to improve relations with the West once more.

Belarus has released Polish-Belarusian journalist Andrzej Poczobut from jail as part of a prisoner exchange.

Poland’s Prime Minister Donald Tusk confirmed the release on Tuesday, noting that Warsaw had been helped in a joint diplomatic push on Minsk by the United States, Romania and Moldova.

The prisoner swap with Poland saw 10 prisoners released overall, with signs that Belarusian President Alexandr Lukashenko is hoping to improve relations with the West once more. Ties have deteriorated due to his support for Russia’s invasion of Ukraine.

Poczobut was detained by Belarusian authorities in 2021 and later sentenced to eight years in a labour camp after a trial widely criticised by rights groups and Western governments as politically motivated.

Concerns had grown in recent years about his health while in detention.

“Andrzej Poczobut is free! Welcome to your Polish home, my friend,” Tusk posted on social media.

Belarus also ⁠released Polish priest ⁠Grzegorz Gawel and a Belarusian who helped Polish ‌services, whose name was not to be revealed, ⁠the Polish leader added.

‌Russians and Moldovans were also among the prisoners swapped in a “five ⁠for ⁠five” exchange.

Joint-effort

Tusk also noted that the release followed lengthy diplomatic efforts.

“The exchange at the Polish-Belarusian border is the finale of a two-year-long intricate diplomatic game, full of dramatic twists,” he said.

“It succeeded thanks to the outstanding work of our services, diplomats and prosecutors, as well as the tremendous help from our American, Romanian and Moldovan friends.”

The announcement came hours after Polish Foreign Minister Radoslaw Sikorski published a photograph of a meeting with US Special Envoy to Belarus John Coale, saying the pair had discussed “important issues”.

Coale later said that the US had helped to secure the release of three Polish nationals and two Moldovans.

“We thank Poland, Moldova, and Romania for their invaluable support in this effort, as well as President Lukashenko’s willingness to pursue constructive engagement with the United States,” he said.

“Under President Trump, America shows up for its allies and delivers diplomatic victories no one else can,” he claimed.

Poczobut, who had worked as a correspondent for the Polish newspaper Gazeta Wyborcza, has been arrested numerous times in Belarus over the past decade.

In 2011, he was fined and jailed for 15 days for his participation in protests following Belarus’s 2010 presidential election. He was later detained again in 2011 and 2012 on accusations of insulting Lukashenko.

His cases drew international condemnation, with the European Parliament, Reporters Without Borders and Amnesty International among organisations calling for his release.

Earlier this year, the European Parliament awarded Poczobut and Georgian journalist Mzia Amaglobeli the Sakharov Prize.

3. Julian Alvarez (Atletico Madrid)

Atletico Madrid’s trip to Arsenal in the league phase feels a long time ago, but it will stick in their mind not just for the four goals they shipped, but for their struggles in attack.

Atletico produced only 0.32 xG from open play in that defeat and managed only one shot on target, so, if they are to take anything against Arsenal this time around, getting Julian Alvarez in the game will be key.

The Argentina forward has scored nine goals in the competition this season, more than any Atletico player had managed in a Champions League campaign.

He’s also a menace defending from the front, with a mammoth 853 high-intensity pressures – more than anyone else this season. That’s 70 per game on average.

That work ethic, ruthlessness in front of goal and the wizardry to bend a free-kick into the top corner, as Barcelona found out, make the 26-year-old vital to Atletico’s chances of progressing.

US Secretary of State Marco Rubio says the US has not told the Iranian national team that it cannot play.

US Secretary of State Marco Rubio said Washington has no objections to Iranian players participating in the 2026 FIFA World Cup, but he added the players will not be allowed to bring people with ties to Iran’s Islamic Revolutionary Guard Corps (IRGC) with them.

Since the United States-Israeli war on Iran began on February 28, Iran’s participation in this summer’s edition of FIFA’s global showpiece has been in doubt because all of the country’s group-stage matches are scheduled to be played in the United States.

“Nothing from the US has told them they can’t come,” Rubio told reporters.

“The problem with Iran would be not their athletes. It would be some of the other people they would want to bring with them, some of whom have ties to the IRGC. We may not be able to let them in, but not the athletes themselves,” Rubio said.

“They can’t bring a bunch of IRGC terrorists into our country and pretend that they are journalists and athletic trainers,” Rubio added.

Washington has designated the IRGC as a “foreign terrorist organisation”.

US President Donald Trump, speaking alongside Rubio, added that his administration “would not want to affect the athletes”.

The World Cup is set to begin on June 11 across the US, Mexico and Canada.

Speculation about Iran’s participation has been rife, with officials from both Iran and the US weighing in.

In a statement on Wednesday, however, Iran’s government spokesperson Fatemeh Mohajerani said all necessary arrangements for the team’s participation in the tournament have been ensured by the Ministry of Sports and Youth.

An envoy for Trump, though, has been quoted as suggesting that Italy, who failed to qualify for the World Cup for a third straight edition, should replace Iran at this year’s World Cup.

Paolo Zampolli, an Italian-American who is ⁠a US envoy for global relations, told The Financial Times that he made the suggestion to both Trump and FIFA President Gianni Infantino.

“I’m an Italian native, and it would be a dream to see the Azzurri at a US-hosted tournament. With four titles, they have the pedigree to justify inclusion,” Zampolli, who has no official connection with the World Cup ⁠or Italian football, said earlier this week.

Italian Sports Minister Andrea Abodi has rebuked the idea, saying “it ‌is not appropriate … You qualify on the pitch,” while Economy Minister Giancarlo Giorgetti described the concept as “shameful”.

Iran qualified for a fourth successive World Cup last year but, after the start of the war, requested that FIFA move the team’s three group matches from the US to Mexico – a suggestion that was rejected.

Iran is now seemingly ⁠proceeding as planned.

“We are preparing and making arrangements for the World Cup, but we are obedient to the ⁠decisions of the authorities,” Iranian football federation President Mehdi Taj told reporters at a pro-government rally in Tehran on Wednesday.

Mike Trout homered, Nolan Schanuel homered and hit a three-run double and Jose Soriano worked five shutout innings as the Angels beat the Toronto Blue Jays 7-3 on Wednesday to avoid a series sweep.

Trout’s eighth homer of the season was a 428-foot solo shot in the bottom of the fifth. That hit tied the 34-year-old Trout with the late Garret Anderson for the Angels’ franchise record of 796 extra-base hits. Anderson died last week of an acute necrotizing pancreatitis at the age of 53.

Soriano, who is 5-0, gave up three hits and struck out five in five innings before leaving with a 3-0 lead. He lowered his ERA to an MLB-leading 0.24. The 27-year-old right-hander is the first MLB pitcher since 1900 to allow no more than one run in the first six starts of a season, and he has the lowest ERA (with a minimum of 30 innings pitched) through a pitcher’s first six starts of a season since 1913, when earned runs became official in both leagues.

Despite his impressive outing, Soriano did not figure in the decision after the Blue Jays rallied in the seventh. Ernie Clement’s RBI single with two out cut the deficit to 3-1. Toronto then capitalized on a walk, an error and an RBI double by Vladimir Guerrero Jr., tying the game at 3.

The Angels countered in the bottom half. Schanuel, who hit a solo homer in the fourth, hit a three-run double to left that gave the Angels a 6-3 lead. They added another run on Hunter Renfroe’s RBI single.

Brent Suter (1-1) struck out two and worked a scoreless seventh for the win. Tommy Nance (0-2) allowed two runs in 1 1/3 innings and took the loss.

VANCOUVER — Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada’s strong economic ties to the United States were once a strength but are now a weakness that must be corrected.

In the 10-minute address, Carney spoke about his government’s efforts to strengthen the Canadian economy by attracting new investments and signing trade deals with other countries.

“The world is more dangerous and divided,” Carney said. “The U.S. has fundamentally changed its approach to trade, raising its tariffs to levels last seen during the Great Depression.

“Many of our former strengths, based on our close ties to America, have become weaknesses. Weaknesses that we must correct.”

Carney said tariffs imposed by President Trump have affected workers in the auto and steel industries. He added that businesses are holding back investments “restrained by the pall of uncertainty that’s hanging over all of us.”

Many Canadians have also been angered by Trump’s comments suggesting Canada become the 51st state.

Carney said he plans to give Canadians regular updates on his government’s efforts to diversify away from the U.S.

“Security can’t be achieved by ignoring the obvious or downplaying the very real threats that we Canadians face,” he said. “I promise you I will never sugarcoat our challenges.”

It’s not the first time Carney, who served as a central bank governor, first at the Bank of Canada and later with the Bank of England, has spoken about a shift in world power.

During a speech in January at the World Economic Forum in Davos, Switzerland, he received widespread praise for condemning economic coercion by great powers against small countries.

His remarks brought a rebuke from Trump.

“Canada lives because of the United States,” Trump said after the speech. “Remember that, Mark, the next time you make your statements.”

There was no immediate White House reaction Sunday to the address.

Carney’s comments came days after securing a majority government following special election wins and as the opposition Conservatives push him to deliver a U.S. trade deal, which was among his promises in last year’s election.

A review of the current version of the North American Free Trade Agreement among Canada, the U.S. and Mexico is scheduled for July.

In his address, Carney said he wants to attract new investments into Canada, double the size of clean energy capacity and reduce trade barriers within the country. He also emphasized Canada’s increased defense spending, reduction in taxes and efforts to make housing more affordable.

“We have to take care of ourselves because we can’t rely on one foreign partner,” he said. “We can’t control the disruption coming from our neighbors. We can’t control our future on the hope it will suddenly stop.

“We can control what happens here. We can build a stronger country that can withstand disruptions from aboard.”

Carney said simply hoping the “United States will return to normal” is not a feasible strategy.

“Hope isn’t a plan and nostalgia is not a strategy,” he said.

Carney said Canada has “been a great neighbor,” standing with the U.S. in conflicts including Afghanistan, plus two World Wars.

“The U.S. has changed and we must respond,” he said. “It’s about taking back control of our security, our borders and our future.”

Morris writes for the Associated Press.

President Lee Jae Myung held summit talks with Indian Prime Minister Narendra Modi on Monday, focusing on deepening economic ties and strengthening the countries’ strategic partnership amid the war in the Middle East.

The two leaders were earlier expected to discuss ways to bolster cooperation in artificial intelligence, defense, and the shipping and shipbuilding industries, while expanding the scope of bilateral manufacturing cooperation beyond electronics and vehicles.

They also likely discussed enhancing coordination on global supply chains and energy security as their countries, both heavily reliant on imported energy, grapple with the fallout from the war between the United States and Iran.

In an interview with The Times of India published earlier in the day, Lee stressed the need for South Korea and India to work together to ensure safe passage through the Strait of Hormuz, a critical route for oil and natural gas, and make joint efforts to stabilize global supply chains.

It marked their third in-person meeting since Lee took office in June 2025.

Ahead of the summit, Lee paid tribute at Raj Ghat, a memorial dedicated to Mahatma Gandhi, and planted a commemorative tree with Modi at Hyderabad House.

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April 19 (UPI) — Citing steep tariffs imposed by U.S. President Donald Trump, Canadian Prime Minister Mark Carney said Sunday his country’s historically close trade and economic ties to the United States have become a “weakness.”

In a video statement posted to YouTube, the Canadian leader asserted the United States has “fundamentally changed its approach to trade, raising its tariffs to levels last seen during the Great Depression.”

This has meant that “many of our former strengths, based on our close ties to America, have become our weaknesses — weaknesses that we must correct.”

Carney’s comments as Trump’s trade war with Canada has disrupted decades of cross border cooperation, triggered in part by a broad 10% tariff slapped by Washington onto all goods not excluded under the Canada-US-Mexico free trade agreement known as CUSMA.

Significantly higher U.S. levies have also been imposed on key strategic sectors, including a 50% tariff on Canadian products that are almost entirely made of steel, aluminum or copper, and a 25% tariff on products that are “largely” made of those metals.

Many types of Canadian heavy equipment also face a 15% tariff upon entry into the United States.

Ottawa says the effect of these measures has been profound, “displacing workers, disrupting supply chains, forcing companies to rethink where they source their materials and products, and causing uncertainty that is curbing investment.”

Although Canada still has the best deal of any U.S. trading partner in an era when Trump has used the threat of tariffs and against both allies and adversaries for strategic and political ends, “we cannot rely on our most important trade relationship as we once did. We must build our strength at home,” Carney said.

“Workers in our industries most affected by U.S. tariffs in autos and steel and lumber are under threat,” he added. “Businesses are holding back investments restrained by the pall of uncertainty that’s hanging over all of us.”

Triggered by the U.S. trade actions and Trump’s oft-repeated desire to annex Canada as the “51st state,” Carney’s Liberal Party government in January made a milestone deal with China to lower some of the tariffs imposed by one another on some of their trade goods.

Under that pact, China lowered its tariffs on Canadian agricultural products, while Canada slashed its tariffs on up to 49,000 electric vehicles that are made in China.

The deal was denounced by Trump, who threatened to impose a 100% tariff on all Canadian goods sent to the United States in response.

“China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric and general way of life,” the U.S. president asserted.

But Carney on Sunday again defended his expansion of trade away from the United States, saying, “We will attract new investment so we can build more for ourselves, striking new partnerships abroad so we can sell into new markets.

“It’s about taking back control of our security, our borders and our future.”

April 17 (Asia Today) — Kang Chang-il, the new senior vice chairman of South Korea’s Peaceful Unification Advisory Council, called Thursday for joint efforts to improve inter-Korean relations and said he would work to revitalize the council’s public role.

Speaking at his inauguration ceremony in Seoul, Kang said many South Koreans are familiar with the Unification Ministry but know little about the advisory council itself. He said he would work to make the body more visible and active in promoting peaceful unification.

Kang said the council has strengths in gathering public opinion and building consensus on peaceful unification, and that it should use that role to recommend policy to the president and broaden public awareness.

He said inter-Korean relations remain difficult amid debate over a “two-state” framework and described the current moment as serious. Kang also referred to messages from Unification Minister Chung Dong-young, who is serving in that post as of April, and said recent remarks by President Lee Jae-myung had been positively received by North Korea.

“I hope we can all join forces to gradually resolve issues in inter-Korean relations,” Kang said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260417010005550

Caracas, April 17, 2026 (venezuelanalysis.com) – Venezuela has reestablished ties with the International Monetary Fund (IMF) after a seven-year hiatus.

Acting President Delcy Rodríguez confirmed the news on Thursday night, calling it a “great achievement of Venezuelan diplomacy” and a “very important step” for the Venezuelan economy.

“This is the result of months-long negotiations that the Venezuelan far-right unsuccessfully tried to sabotage,” she stated in a televised broadcast. “Good has triumphed.”

The IMF announced the “resumption of dealings” with Venezuela in a statement on Thursday, stating that the decision was “guided by the views of IMF members representing a majority of the total voting power.”

Managing Director Kristalina Georgieva stated earlier this week that the IMF had been approached by Venezuelan authorities at a technical level and that the Caribbean nation “desperately needs help.”

The World Bank likewise issued a statement disclosing the resumption of dealings with the acting Rodríguez government. Venezuela’s last loan with the institution concluded in 2005.

Venezuela had its relationship with the IMF suspended in 2019 after the first Trump administration and allies recognized the self-proclaimed “interim government” led by Juan Guaidó as the Caribbean nation’s legitimate authority.

In March, the White House recognized Rodríguez as Venezuela’s “sole leader” and later withdrew sanctions against her, while US officials spoke of efforts to reincorporate Caracas into the IMF fold.

Though relations were officially frozen in 2019, Venezuela had sought to distance itself from the Washington-based institution more than a decade prior. In 2007, former President Hugo Chávez formally withdrew Venezuela from the IMF and the World Bank, calling them “weapons of US imperialism.”

Chávez repeatedly denounced the US-controlled multilateral institutions’ role in promoting debt and underdevelopment in Global South countries and pushed for the creation of lending institutions as part of Latin American integration efforts. Under Chávez’s predecessors, Venezuela implemented draconian IMF-conditioned structural adjustment policies that saw over half of Venezuelans living in poverty by 1998.

Last year, President Nicolás Maduro stated that Venezuela had “broken the shackles” of the World Bank and the IMF and was instead building its own “self-sustainable model and relations with a new world.”

Venezuela’s priority will be accessing US $5.1 billion in Special Drawing Rights (SDR) that it is entitled to as an IMF member. In 2021, the lending institution issued $650 billion amid the Covid-19 pandemic as an effort to help countries boost reserves and address fiscal needs. 

However, Venezuela was blocked from accessing the funds as the IMF refused to rule on the country’s legitimate authorities.

Caracas’ reengagement with the IMF and the World Bank also comes amid growing speculation about the fate of Venezuela’s sizable foreign debt. The Caribbean nation owes as much as $170 billion from a combination of defaulted bonds, unpaid loans, and international arbitration awards that have accrued interest for years as US sanctions battered Venezuela’s economy and cut it off from credit markets.  

Venezuelan bonds have been rallying in recent weeks following Washington’s rapprochement with Caracas as creditors bet on a debt restructuring deal that can bring significant windfalls.

Since the January 3 US military strikes and kidnapping of President Nicolás Maduro, the Rodríguez administration has fast-tracked a number of pro-business reforms, including in the hydrocarbons and mining sectors. Upon enacting the Mining Law on Thursday, the acting president thanked Trump, Rubio, and other administration officials for their “good disposition” in establishing “cooperation.”

Rodríguez recently announced further plans to overhaul the South American country’s labor, pension, and tax legislation, while also identifying state assets that are “not strategic.” The Cisneros Group, one of Venezuela’s largest business conglomerates, recently announced the raising of funds ahead of expectations of a “wave of privatizations.”

Since January, the Trump administration has imposed control over Venezuelan oil revenues, mandating that royalties, taxes, and dividends be deposited in US Treasury accounts. In a congressional hearing on Thursday, Assistant State Secretary Michael Kozak stated that “around $3 billion” have moved through the dedicated accounts. 

He did not specify what portion of the revenues has been returned to Caracas, only that the funds had been used to pay public sector incomes and import oil industry inputs, while blocking any transactions with China, Cuba, and Iran.

Earlier this week, the Treasury’s Office of Foreign Assets Control (OFAC) issued new restricted licenses allowing transactions with the Venezuelan Central Bank and public banks that are expected to facilitate the partial return of seized Venezuelan export revenues.

On Thursday, Venezuelan authorities additionally announced a change in the Central Bank leadership, with Luis Pérez replacing Laura Guerra as president of the institution. Guerra had been appointed to the post in April 2025 by Maduro.

Pérez is an economist who had served on the BCV board of directors since 2018. In his social media profile, he describes himself as a cryptocurrency enthusiast.

Edited by Lucas Koerner in Fusagasugá, Colombia.

Caracas, April 15, 2026 (venezuelanalysis.com) – The US Treasury Department’s Office of Foreign Assets Control (OFAC) issued two new general licenses on Tuesday facilitating transactions with Venezuelan state institutions.

 for Venezuela on Tuesday: a commercial license (No. 56) and a financial license (No. 57), signaling a partial easing of restrictions while maintaining key controls.

General License 56 (GL56) authorizes US entities to negotiate and sign “contingent contracts” for future commercial operations in Venezuela. This allows firms to move forward with agreements, investments, or projects, though their final execution remains subject to separate OFAC approval.

The waiver maintains important restrictions, including a ban on payments in gold or cryptocurrencies, as well as prohibitions on transactions involving China, Russia, Iran, North Korea, and Cuba. It likewise forbids transactions involving Venezuelan debt and does not unblock currently frozen Venezuelan assets.

For its part, General License 57 (GL57) permits a broad range of financial operations with the Venezuelan Central Bank (BCV), as well as Venezuela’s public banks: Banco de Venezuela, Banco Digital de los Trabajadores, Banco del Tesoro, and entities in which these institutions hold a 50 percent or greater stake.

The allowed transactions include opening and managing accounts, conducting US dollar transfers, issuing loans, and providing banking services. The BCV was sanctioned in April 2019, effectively isolating Venezuela from international financial circuits and increasing costs for basic transactions.

The latest sanctions waivers are expected to facilitate financial flows to the Venezuelan economy, including the transfer of Venezuelan oil revenues that are currently controlled by the Trump administration. US authorities have returned a confirmed US $500 million out of an initial deal estimated at $2 billion, while US and Venezuelan officials have confirmed the purchase of US-manufactured medicines and hospital equipment using Venezuelan funds.

Analyst Hermes Pérez warned that reincorporation into the SWIFT system and establishment of US-based accounts could take several months due to security and technological requirements. Other economists argued that GL57 could allow the Central Bank to stabilize the Venezuelan foreign exchange system.

For several years, a parallel exchange rate between the US dollar and the Venezuelan bolívar has coexisted with the official one set by the Central Bank, often with a gap above 50 percent that fueled distortions in retail activities and currency speculation.

Since the January 3 military strikes and kidnapping of Venezuelan President Nicolás Maduro, the Trump administration has issued several licenses to expand US influence in the Caribbean nation, particularly in key economic sectors such as hydrocarbons and mining.

In parallel, Venezuelan authorities have promoted several pro-business reforms, while multiple Trump officials and corporate executives have come the South American country and held meetings with the acting government led by Delcy Rodríguez.

The latest waivers coincided with the visit to Caracas of a US Department of Energy delegation led by Assistant Secretary Kyle Haustveit. Rodríguez hosted the official on Wednesday in a work meeting at the presidential palace.

During a short, televised intervention, Rodríguez argued that OFAC licenses do not provide sufficient “legal certainty” and reiterated calls for Trump to lift unilateral coercive measures against the country.

“An investor requires greater legal certainty. A license does not provide long-term legal guarantees because it is subject to temporality,” she argued. Rodríguez claimed Washington and Caracas have “enough maturity” to establish “long-term” energy cooperation ties.

“We are working very hard on changes that can attract investment, and which can build an energy cooperation agenda with the United States,” she said.

Rodríguez additionally disclosed recent meetings with representatives from ExxonMobil and ConocoPhillips, stating that authorities have “taken into account recommendations” from oil majors in recent legislative overhauls. Both ExxonMobil and ConocoPhillips refused to accept hydrocarbon reforms under former President Hugo Chávez in the 2000s, later securing multi-billion-dollar arbitration awards against the Caracas as compensation for the nationalization of their assets.

Haustveit and the Energy Department delegation were also present on Monday during the signing of agreements with Chevron that granted the Texas-based conglomerate an increased stake in the Petroindependencia joint venture and awarded an additional extra-heavy crude bloc for exploration to the Petropiar mixed company. Chevron owns minority stakes in both joint enterprises with Venezuelan state oil company PDVSA.

Shell, Eni and Repsol are among the other energy giants to have recently advanced in deals with the Venezuelan government under the improved conditions of the new Hydrocarbon Law.

US Chargé d’Affaires in Venezuela Laura Dogu was also present at the Chevron deal-signing ceremony and the meeting with Haustveit’s delegation. However, the White House announced Wednesday that her post will be taken over by veteran diplomat John Barrett.

Barrett, who previously served as chargé d’affaires at the US Embassy in Guatemala since January 21, 2026, was recently accused by Guatemalan President Bernardo Arévalo of interference during judicial elections for the Constitutional Court held in March.

Edited by Ricardo Vaz in Caracas.