The Biden administration on Thursday reportedly struck a deal with Iran to unfreeze $6 billion in Iranian financial assets and release a “handful” of Iranian nationals jailed for violating U.S. sanctions in exchange for five Americans taken prisoner by Iran on highly dubious charges of espionage.
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The Biden administration is preparing to ease oil sanctions on the socialist regime of Venezuela that would allow California-based Chevron to resume oil production there, potentially opening a path for the return of Venezuelan oil exports into U.S. and European markets, according to a report published by the Wall Street Journal on Wednesday.
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Russian state-controlled bank VTB announced that it has set up a system to send money transfers to China in yuan without using the SWIFT messaging system, bypassing international sanctions and sparking more fears of increased cooperation between China and Russia.
Read More: Fox News