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US reimposes sanctions on Venezuela as hope for democracy crumbles
Source: The Guardian
The Biden administration has reimposed crushing oil sanctions on Venezuela, admonishing the president Nicolás Maduro’s attempts to consolidate his rule just six months after the US eased restrictions in a bid to support now fading hopes for a democratic opening in the Opec nation.
A senior US official, discussing the decision with reporters, said any US company investing in Venezuela would have 45 days to wind down operations to avoid adding uncertainty to global energy markets. The official spoke on the condition of anonymity to discuss US policy deliberations.
A middle-aged white man in a black collared shirt smiling, with a group of people outside.
Venezuela’s ex-oil minister charged with stealing millions from state oil company
Read more
In October, the US granted Maduro’s government relief from sanctions on its state-run oil, gas and mining sectors after it agreed to work with members of the opposition to hold a free and competitive presidential election this year.
Maduro went on to schedule an election for July and invited international observers to monitor voting, but his inner circle has used the ruling party’s total control over Venezuela’s institutions to undermine the agreement.
A senior US official, discussing the decision with reporters, said any US company investing in Venezuela would have 45 days to wind down operations to avoid adding uncertainty to global energy markets. The official spoke on the condition of anonymity to discuss US policy deliberations.
A middle-aged white man in a black collared shirt smiling, with a group of people outside.
Venezuela’s ex-oil minister charged with stealing millions from state oil company
Read more
In October, the US granted Maduro’s government relief from sanctions on its state-run oil, gas and mining sectors after it agreed to work with members of the opposition to hold a free and competitive presidential election this year.
Maduro went on to schedule an election for July and invited international observers to monitor voting, but his inner circle has used the ruling party’s total control over Venezuela’s institutions to undermine the agreement.
Read more: https://www.theguardian.com/world/2024/apr/17/us-reimposes-venezuela-sanctions?utm_term=Autofeed&CMP=edit_2221&utm_medium=Social&utm_source=Twitter#Echobox=1713392842
So much for the socialist paradise.
