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US to reinstate sanctions on Venezuelas energy sector

April 18, 2024 04:56am GMT+09:00

The United States will restore sanctions on Venezuelas oil and gas sector after President Nicolas Maduro failed to create conditions for an "inclusive" and fair election to take place as outlined by the Barbados Agreement last October, CNN reported on Wednesday.

A senior member of the Biden administration who spoke to media outlets disclosed that Washington determined that Maduros government "has fallen short" of its commitment which has led to "the disqualification of candidates and parties on technicalities and what we see as a continued pattern of harassment and repression against opposition figures and civil society."

Washington will not renew the general license and the sanctions that had been previously waived will return to effect in 45 days. However, officials emphasized that the administration retains the ability to grant specific licenses to energy individual companies as needed.