Macron in Kyiv says no ‘escalation’ from Putin

Ukrainian President Volodymyr Zelenskiy and French President Emmanuel Macron pose for a picture before their talks in Kyiv, Ukraine February 8, 2022. (Reuters)
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Updated 08 February 2022
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Macron in Kyiv says no ‘escalation’ from Putin

KYIV: French President Emmanuel Macron said Tuesday he had convinced Russia’s Vladimir Putin not to escalate the crisis around Ukraine, ahead of talks in Kyiv aimed at defusing fears Moscow could invade.
During a five-hour meeting over dinner in the Kremlin Monday, Macron said he offered Putin “concrete security guarantees” as the West scrambles to deal with Russia’s massive troop build-up on Ukraine’s border.
“I obtained that there will be no degradation nor escalation,” the French leader told journalists as he arrived in Kyiv for talks with Ukraine’s President Volodymyr Zelensky.
“My aim was to freeze the game, to prevent an escalation and open up new perspectives,” Macron said. “This objective for me is fulfilled.”
Putin — who has demanded sweeping security guarantees from NATO and the United States — told Macron that Moscow would “do everything to find compromises that suit everyone.”
He said several proposals put forward by Macron could “form a basis for further steps” on easing the crisis over Ukraine, but did not give any details.
At the same time as sending its military hardware to Ukraine’s borders, Moscow issued demands the West says are unacceptable, including barring Ukraine from joining NATO and rolling back alliance forces in eastern Europe.
The French presidency said Macron’s counter proposals include an engagement from both sides not to take any new military action, the launching of a strategic dialogue and efforts to revive the peace process in Kyiv’s conflict with Moscow-backed separatists in eastern Ukraine.
It also said an agreement would ensure the withdrawal of some 30,000 Russian soldiers from Belarus at the end of joint military exercises later this month.
“I didn’t think for a second that he was going to make any gestures yesterday,” Macron said of Putin.
Macron — who was the first Western leader to meet Putin since the crisis began in December — faces a tough task trying to convince a wary Zelensky to accept any compromises.
Kyiv has laid out three “red lines” that it says it will not cross to find a solution — no compromise over Ukraine’s territorial integrity, no direct talks with the separatists and no interference in its foreign policy.
Moscow is pressuring Ukraine to offer concessions to the Russian-backed rebels who have been fighting Kyiv since 2014 in a conflict that has claimed over 13,000 lives.
Putin baited Zelensky by calling him “my beauty” as he used a controversial idiom to insist Kyiv must stick to a tattered 2015 peace deal.
The Russian leader warned Macron’s talks in Kyiv would “not be easy either” and said he planned to speak again with the French leader after his meeting with Zelensky.
Ukraine says the Kremlin wants to use the two breakaway eastern regions it supports as leverage to keep the country under Moscow’s sway.
Russia has denied it is planning an invasion — but the US warns it has massed 70 percent of the forces it would need for a large-scale incursion.
The West is nervously eyeing upcoming drills starting Thursday that have seen Russia dispatch thousands of troops to Belarus to the north of Kyiv.
Ukraine’s Defense Minister Oleksiy Reznikov told local television that Kyiv was planning to hold its own parallel exercises across the country involving Western-supplied anti-tank missiles and Turkish combat drones.
As Macron sought a diplomatic solution with Kyiv, US President Joe Biden ramped up the pressure on Moscow Monday by warning he would “end” the controversial new Nord Stream 2 gas pipeline from Russia to Europe if tanks rolled into Ukraine.
Biden’s declaration at a press conference with German Chancellor Olaf Scholz was the bluntest so far on the fate of the massive pipeline, which is complete but has yet to begin funnelling natural gas.
Scholz was less direct and said only that Berlin was “united” with Washington in imposing sweeping sanctions on Russia, declining to mention the pipeline by name.
Scholz will be in Moscow and Kyiv next week for talks with Putin and Zelensky.
British Prime Minister Boris Johnson wrote in The Times that London was pushing allies to be ready with sanctions “the moment the first toecap of the first Russian soldier crosses” into Ukraine.
He said Britain was bolstering its NATO deployment in Estonia and weighing sending jets and warships “to protect southeastern Europe.”


US allows oil majors to broadly operate in Venezuela, new energy investments

Updated 14 February 2026
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US allows oil majors to broadly operate in Venezuela, new energy investments

  • Treasury Department issues general license allowing Chevron, BP, Eni, Shell and Repsol to operate oil and gas operations in Venezuela
  • Move is the most significant relaxation of sanctions on Venezuela since US forces captured and removed President Nicolas Maduro

WASHINGTON: The US ​eased sanctions on Venezuela’s energy sector on Friday, issuing two general licenses that allow global energy companies to operate oil and gas projects in the OPEC member and for other companies to negotiate contracts to bring in fresh investments. The move was the most significant relaxation of sanctions on Venezuela since US forces captured and removed President Nicolas Maduro last month.
The Treasury Department’s Office of Foreign Assets Control issued a general license allowing Chevron, BP, Eni, Shell and Repsol to operate oil and gas operations in Venezuela. Those companies still have offices in the country and stakes in projects, and are among the main partners of state-run ‌company PDVSA.
The authorization ‌for the oil majors’ operations requires payments for royalties and Venezuelan ​taxes ‌to ⁠go through ​the US-controlled ⁠Foreign Government Deposit Fund.
The other license allows companies around the world to enter contracts with PDVSA for new investments in Venezuelan oil and gas. The contracts are contingent on separate permits from OFAC.
The authorization does not allow transactions with companies in Russia, Iran, or China or entities owned or controlled by joint ventures with people in those countries.
The licenses “invite American and other aligned companies to play a constructive role in supporting economic recovery and responsible investment, ” the US State Department said in a release. Additional authorizations may be issued “as necessary,” it said.
A spokesperson for Chevron, ⁠the only US oil firm currently operating in Venezuela, said the company welcomed ‌the new licenses.
“The new General Licenses, coupled with recent changes ‌in Venezuela’s Hydrocarbons Law, are important steps toward enabling the further development ​of Venezuela’s resources for its people and for advancing ‌regional energy security,” the spokesperson said in a statement.
Eni said it is assessing the opportunities in ‌Venezuela that the authorization opens up.

Oil law reform

The US licenses follow a sweeping reform of Venezuela’s main oil law approved last month, which grants autonomy for foreign oil and gas producers to operate, export and cash sale proceeds under existing joint ventures with PDVSA or through a new production-sharing contract model.
The US has had sanctions on Venezuela since ‌2019 when President Donald Trump imposed them during his first administration. Trump is now seeking $100 billion in investments by energy companies in Venezuela’s oil and gas sector. ⁠US Energy Secretary Chris Wright ⁠said on Thursday, during his second day of a trip to Venezuela, that oil sales from the country since Maduro’s capture have hit $1 billion and would hit another $5 billion in months.
Wright said the US will control the proceeds from the sales until Venezuela stands up a “representative government.” Since last month, the Treasury issued several other general licenses to facilitate oil exports, storage, imports and sales from Venezuela. It also authorized the provision of US goods, technology, software or services for the exploration, development or production of oil and gas in Venezuela.
The Venezuelan government expropriated assets of Exxon Mobil and ConocoPhillips in 2007 under then-President Hugo Chavez. The Trump administration is trying to get those companies to invest in Venezuela as well. At a meeting at the White House with Trump last month, Exxon Mobil CEO Darren Woods said Venezuela was “uninvestable” at ​the moment.
Wright said on Thursday that Exxon, ​which no longer has an office in Venezuela, is in talks with the government there and gathering data about the oil sector. Exxon did not immediately comment.