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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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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.

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  • 63% of the sources lean Right
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Reuters broke the news in United Kingdom on Monday, April 15, 2024.
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