US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

US reimposes oil sanctions against Venezuela over election concerns

Move in US election year could push up oil prices, but Washington says Maduro has not made promised electoral reforms.

US reimposes Venezuela oil sanctions over election concerns

The United States said it will snap back sanctions on Venezuela’s crucial oil industry after President Nicolas Maduro’s government continued its repression of opponents.

Venezuela’s opposition is facing political repression ahead of the elections, and the US is therefore targeting the country’s most important economic sector.

The president of Brazil, Luiz Inácio Lula da Silva, ratified this Wednesday the rejection of the sanctions imposed by the United States (USA) against Venezuela, damaging sectors such as oil and gas, government interlocutors said. ALSO READ: President of the AN of Venezuela: The US violates its agreements During a private meeting with his Colombian counterpart Gustavo Petro, as it became known, the president asserted that Brazil does not agree w…

Some of the sanctions imposed by the United States were lifted last October when Maduro promised the country would hold free presidential elections in 2024.

Biden Admin To Reinstate Oil Sanctions On Venezuela

The Biden administration is reimposing oil sanctions on Venezuela after attempting to exchange relief for a promise to allow free, fair elections.