CARA­CAS, Venezuela (AP) — A per­mit is­sued by the Unit­ed States gov­ern­ment al­low­ing en­er­gy gi­ant Chevron Corp. to pump and ex­port Venezue­lan oil will be ter­mi­nat­ed this week, Pres­i­dent Don­ald Trump an­nounced Wednes­day, end­ing what be­came a fi­nan­cial life­line for the South Amer­i­can coun­try.

Trump’s an­nounce­ment in his Truth So­cial net­work ac­cused the gov­ern­ment of Pres­i­dent Nicolás Maduro of not meet­ing de­mo­c­ra­t­ic con­di­tions for last year’s Ju­ly pres­i­den­tial elec­tion as well as of not mov­ing fast enough to trans­port back to Venezuela im­mi­grants set for de­por­ta­tion.

“We are here­by re­vers­ing the con­ces­sions that Crooked Joe Biden gave to Nicolás Maduro, of Venezuela, on the oil trans­ac­tion agree­ment,” Trump wrote.