According to NorthStandard P&I Club, Venezuelan Mining Corporation (CVM) has announced the immediate suspension of the commercialisation and exportation of a wide range of minerals.
As informed, said minerals include gold, silver, coltan, bauxite, thorium, cassiterite, copper and rhodium, which are typically exported from Puerto Ordaz and the Boca Grande II transfer station. This nationwide measure will remain in effect until further notice.
It is important to highlight that, unlike these minerals, the exports of iron, steel, aluminum, and their derivatives continue to operate regularly.
Additionally, it is reported that the operations of Venezuelan ports remain unaltered, with no significant incidents reported in the context of the electoral process.
On the other hand, despite the complex political landscape in Venezuela following the recent elections, the US sanctions regime, as defined by License GL44A issued on April 18th, has not undergone any modifications.
