WASHINGTON, October 23. /TASS/. The US Department of the Treasury intends to remove Venezuela from the list of countries subject to strict restrictions on US investment, Reuters reported.
Treasury will accept comments through December 7 on the proposed rules, which were mandated under the Comprehensive Outbound Investment National Security Act of 2025, or COINS Act. According to the report, the document marked a significant expansion of US outbound investment controls, requiring US firms and individuals to notify Treasury about certain investment plans while banning them outright in other cases to prevent harm to US national security.
The outbound program initially targeted China alone, but the COINS legislation expanded the list of countries "of concern" to include Cuba, Iran, North Korea, Russia, and Venezuela "under the regime of Nicolas Maduro," the agency said, adding that Treasury said it will drop Venezuela. The proposed rule could still apply to certain investments in Venezuelan entities.
On January 3, the United States attacked civilian and military facilities in Venezuela, captured President Nicolas Maduro and his wife, and took them out of the country. The couple appeared before the US District Court for the Southern District of New York on January 5. US authorities charged them with involvement in drug trafficking, but both pleaded not guilty. Delcy Rodriguez, who served as Venezuela’s executive vice president under Maduro, is currently serving as the country’s interim president.