Biden administration let Chevron pay Venezuela millions, Bloomberg says

The Biden administration secretly allowed Chevron (CVX) to pay hundreds of millions of dollars to the Venezuelan government despite a license that explicitly banned such payments, Bloomberg reports, citing people familiar with the matter. The supplement to a sanctions wavier from November of 2022 allowed the oil major to remain in compliance with U.S. law while paying President Nicolas Maduro’s government taxes and oil royalties, the report says.