The United States will reinstate oil sanctions against Venezuela

The United States will reinstate oil sanctions against Venezuela
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Read also: In Venezuela, the opposition accuses President Maduro of choosing his rivals

While welcoming the electoral calendar providing for the vote on July 28 with the presence of international observers, Washington condemned the ineligibility of the opposition candidate Maria Corina Machado, favorite in the polls, and the non-registration of her replacement designated, Corina Yoris.

“We are concerned that Nicolas Maduro and his representatives have prevented the democratic opposition from registering the candidate of their choice, harassed and intimidated political opponents and unjustly detained numerous political actors and members of civil society,” the statement said. the spokesperson for the US State Department, Matthew Miller, in a press release. “We once again call on Maduro to allow all candidates and parties to participate in the electoral process and to release all political prisoners.”

No panic for the oil industry

The so-called “GL44” general license, which authorized transactions related to the Venezuelan oil and gas sector for six months, expires on Thursday and will not be renewed, American authorities have confirmed. Companies will have until May 31 to comply with these sanctions, they said.

Read more: The United States will ease some sanctions against Venezuela after the electoral agreement

“This is the consequence of the Maduro regime’s inability to fulfill its part of the agreement. The regime has violated all elements of the Barbados agreement and has even developed a wave of brutal repression,” Maria Corina Machado responded to AFP. “This is certainly not a free and fair election, which is what we are calling for. I hope (…) that the regime will understand that it is better for all parties, including Nicolas Maduro, to accept the terms of the Barbados agreement.

American sanctions or not, the country’s oil industry is not going to stop, Pedro Tellechea, Venezuelan Minister of Oil and president of the public giant Petroleos de Venezuela (PDVSA) assured journalists on Wednesday, even before Washington’s announcement. . “We continue to move forward, we continue to develop,” said Pedro Tellechea, affirming that the sanctions “have no effect on the economy, there is maximum stability.”

Observers sent by the international community

The United States announced at the end of January that it intended to reactivate these sanctions against Venezuela, which reacted at the time by speaking of “gross and unjustified blackmail”. Washington has already reimposed sanctions on the state-owned company Minerven, which operates gold mines.

President Nicolas Maduro is seeking a third six-year term as oil and gas sanctions imposed since 2019 sought to oust him from power following his contested 2018 re-election.

A delegation from the European Union arrived in Caracas on Sunday to begin observation work for the July 28 presidential election. A mission from the US-based Carter Center is planned for next week, and a panel of UN experts is expected to make the trip before the end of April.

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