Venezuela's government and opponents resume talks; US eases sanction

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Venezuela's government and opponents resume talks; US eases sanction

Venezuela's government and its opposition on Nov 26 agreed to create a U.N.-managed fund to finance health, food and education programs for the poor, while the Biden administration eased some oil sanctions on the country in an effort to boost the newly restarted talks between the sides.

The agreement signed in Mexico City by representatives of President Nicolás Maduro and the opposition, including the faction backed by the United States and led by Juan Guaidó, marked the resumption of long-stalled negotiations meant to find a common path out of the South American country's complex crisis.

The U.S. government, in response, agreed to allow oil giant Chevron to pump Venezuelan oil.