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Tue Dec 3, 2019, 04:13 PM

U.S. exempts local baseball league from Venezuela sanctions: document

Source: Reuters

WORLD NEWS DECEMBER 3, 2019 / 1:10 PM / UPDATED 2 HOURS AGO

U.S. exempts local baseball league from Venezuela sanctions: document

MARACAIBO/CARACAS (Reuters) - The U.S. Treasury Department has created an exemption from its Venezuela-related sanctions allowing for transactions with the country’s local baseball league, according to a Treasury document seen by Reuters on Tuesday.

The move paves the way for players under contract with Major League Baseball (MLB) teams or their minor league affiliates to participate in the Venezuelan league, known as the LVBP. MLB had previously barred its players from taking part, pending U.S. government authorization.

Washington in August blocked most U.S. individuals and companies from doing business with Venezuela’s government as part of its effort to oust socialist President Nicolas Maduro, who has overseen an economic collapse in the once-prosperous OPEC nation and is accused of corruption and rights violations.

The measures have been unsuccessful in ousting Maduro, and critics say they have affected the daily lives of ordinary Venezuelans without links to the government.

In a copy of the license to sanctions, dated Dec. 2, the Treasury’s Office of Foreign Assets Control said it would authorize transactions “ordinarily incident and necessary to participation in the League” that would otherwise have been blocked by the sanctions through Nov. 30, 2021.

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Read more: https://www.reuters.com/article/us-venezuela-baseball/u-s-exempts-local-baseball-league-from-venezuela-sanctions-document-idUSKBN1Y72B0

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