Venezuela has reverted to using digital currency for oil sales to circumvent the freezing of oil revenues in foreign banks after the reimposition of U.S. sanctions. PDVSA is accelerating the adoption of digital payment methods in oil export transactions by utilizing Tether, tied to the U.S. dollar. The Venezuelan state oil company had already experimented with Tether for oil sales in 2023. Following the expiration of a six-month temporary easing of sanctions, Venezuela managed to increase oil exports, but new buyers are now required to maintain a digital wallet. President Maduro continues to obstruct the opposition, and the easing of sanctions was contingent upon free and fair elections, a condition he violated. Amidst the reimposition of sanctions, new negotiations are underway between Venezuela and Chevron regarding the expansion of their joint venture in the Orinoco Belt. Nevertheless, the reimposition of sanctions did not prompt price fluctuations in oil markets, despite the loss of several supply sources.