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The sweeping sanctions on Venezuela's oil industry were first imposed by the Trump administration in 2019 following Maduro's re-election victory, which the U.S. and other Western governments rejected.
CNN, US to reimpose sanctions on Venezuela’s oil and gas sector, April 17, 2024 Migration Policy Institute, Venezuelan Immigrants in the United States , Feb. 15, 2023
A reimposition of U.S. sanctions on Venezuela's oil and gas sectors would hurt the OPEC country's ability to collect cash from its oil exports, crimp new energy investments and raise the risks of ...
The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro's attempts to consolidate his rule just six months after the U.S. eased ...
The administration of President Joe Biden authorized the license in 2022 after Maduro agreed to work with Venezuela’s political opposition toward a democratic election. But the election, which took place in July 2024, was neither fair nor free, and Maduro was sworn in last month for a third six-year term despite credible evidence that his ...
Announced by U.S. officials on Wednesday, Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit the volume and quality of its ...
The Biden administration’s decision to lift sanctions on Venezuelan oil is garnering pushback from energy and foreign policy hawks. The administration announced late Wednesday that it would ...
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