CARACAS: Venezuela has confirmed the United States' decision to reduce oil sanctions, urging the US to lift all sanctions against the South American country.

In a tweet, Vice President Delcy Rodriguez said, "The Bolivarian Government of Venezuela has verified and confirmed the news... that the United States has authorized US and European oil corporations to negotiate and restart operations in Venezuela."

"Venezuela hopes that these US actions will pave the road for the complete removal of the unlawful sanctions that harm our entire population," she said.

"The Venezuelan government will continue to work relentlessly to create a meaningful discourse on a national and international level," Rodriguez said.

Former US President Donald Trump severed ties with Venezuela in 2019, refusing to recognise Nicolas Maduro as the country's president and imposing sanctions on Venezuela's oil, finance, and commerce sectors.

Ukraine Minister claims Evacuation from Azovstal only way to save troops

Britain's Pound falls as UK inflation hits 40 year peak

U.S pledges to help Pakistan rebuild its economy