US Gold Deals in Venezuela Entangle Gangs and Sanctioned Firms
The Trump administration is brokering gold-industry deals in Venezuela, including with a company designated a US security threat, amid a corrupt sector where Venezuelan gangs extract profit. This marks a policy shift toward engaging sanctioned entities, raising legal and security risks. The full scope of administration involvement and gang influence remains unclear.
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US Engages Venezuela Gold Sector Amid Corruption and Sanctions Concerns
The Trump administration is negotiating gold-mining agreements in Venezuela, a sector characterized by high corruption and the involvement of entities designated as U.S. security threats. This represents a policy shift toward engagement with Venezuela's gold economy, raising concerns about legitimizing illicit actors and undermining existing sanctions. The full scope of these deals and the extent of administration involvement remain uncertain.