Venezuela to Reverse Chávez-Era Nationalizations, Offer Non-Essential Assets to Private and Former Owners

The Venezuelan government announced it will return non-essential state assets to private and former owners, reversing a broad wave of nationalizations initiated by Hugo Chávez in oil, electricity, and other key sectors. The scope and timeline remain unclear, and it is uncertain whether this applies to core industries or only peripheral assets. This marks a significant policy shift that could signal a move toward economic liberalization, with potential implications for foreign investment and regional geopolitics.

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