RIO DE JANEIRO, BRAZIL - Venezuela’s pro-government National Constituent Assembly on Thursday approved a law allowing President Nicolas Maduro to confidentially sign new oil deals with private firms and foreign nations, in response to U.S. sanctions.
Maduro last week delivered the “anti-blockade” bill on Tuesday to the assembly, a parallel legislature he created to bypass the opposition-controlled National Congress.
“We can provide President Nicolas Maduro with a legal instrument to continue fighting, confronting the blockade,” said Diosdado Cabello, the assembly’s president and the vice president of the ruling Socialist Party.
The law will allow changes . . .
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