Published 1 month ago

US ties renewal of easing of Venezuela oil sanctions to progress on elections

The United States will only extend sanction relief for Venezuela if fair elections commitments are met by the Maduro government.
A State Department speaker stated that if progress is not made, the license will not be renewed after April 18, 2024.
The U.S. Sets a condition for Venezuela to meet commitments for sanction relief extension.

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Reuters

US ties renewal of easing of Venezuela oil sanctions to progress on elections

1 month ago·United Kingdom

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The Star Kuala Lumpur

US ties renewal of easing of Venezuela oil sanctions to progress on elections

WASHINGTON/HOUSTON (Reuters) -The U.S. will not renew a temporary license that widely eased sanctions on Venezuela's oil and gas sector unless progress is made by President Nicolas Maduro on commitments for free and fair elections this year, a State Department spokesperson said on Monday, three days before the license is to expire. Read full story

1 month ago·Malaysia

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The Straits Times

US ties renewal of easing of Venezuela oil sanctions to progress on elections

WASHINGTON/HOUSTON - The U.S. will not renew a temporary license that widely eased sanctions on Venezuela's oil and gas sector unless progress is made by President Nicolas Maduro on commitments for free and fair elections this year, a State Department spokesperson said on Monday, three days before the license is to expire. Read more at straitstimes.com.

1 month ago·Singapore

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El Tiempo Latino

The US will stop renewing the license that relieves sanctions in Venezuela

On Monday, the US announced its decision not to extend General License 44, a temporary measure that was providing relief to sanctions in Venezuela's oil and gas sector. Despite talks between Venezuelan and American officials last week, no significant progress was made to reduce the differences, according to a Reuters quoted US State Department spokesman.

1 month ago

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Oil Price

U.S. Will Only Extend Venezuela Sanction Relief if Progress Is Made on Elections

The United States will only extend a sanction relief regime for Venezuela if the Maduro government makes progress on commitments undertaken last year to ensure fair elections. This is according to a Reuters report that quoted a State Department speaker who said "Absent progress by Maduro and his representatives in terms of implementing the road map’s provisions, the United States will not renew the license when it expires on April 18, 2024." The…

1 month ago·London, United Kingdom

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