US Reimposes Oil Sanctions Against Venezuela Over Election Concerns

04/22/2024

The United States is reimposing sanctions on Venezuela’s vital oil sector over what it says is the government’s failure to adhere to democratic principles ahead of elections in July. Maduro, the successor of the late Venezuelan leader Hugo Chavez, is seeking a third six-year term after 11 years in office marked by sanctions, economic collapse, and accusations of widespread repression.

The administration of US President Joe Biden said it would not renew a license that expired early on April 18, and which had partially eased the punitive measures since October after a US-backed election deal was reached between the government and the Venezuelan opposition in Barbados.

The government has barred several key political opponents from participating in the July 28 presidential race, despite agreeing with the opposition last October to hold a free and fair vote.

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