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US rejects Venezuelan President Maduro’s reelection, but keeps financial lifeline for his government

  • The US has rejected Nicolás Maduro's reelection, stating the election was neither fair nor free, yet continues to allow a financial lifeline for his government through oil permits.
  • President Joe Biden indicated he lacks enough data to change oil-related sanctions before leaving office, despite bipartisan calls to cancel a permit that supports a significant portion of Venezuela's oil production.
  • Maduro's government has reportedly earned about $4 billion from joint ventures with Chevron, which resumed oil exports to the US, increasing daily production significantly.
  • More than 7.7 million Venezuelans have left their country since Maduro took office in 2013, driven by the ongoing social, economic, and political crisis.
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Associated Press NewsAssociated Press News
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US rejects Venezuelan President Maduro's reelection, but keeps financial lifeline for his government

In 2022, the White House granted Venezuela a financial lifeline “to support the restoration of democracy” after President Nicolás Maduro promised to work toward an open presidential election, granting U.S. energy giant Chevron a permit to pump and export Venezuelan oil despite sanctions.

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NBC Miami broke the news in Miami, United States on Saturday, January 18, 2025.
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