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US, Venezuela to announce oil sanctions deal on Tuesday -report

Published 10/16/2023, 11:06 AM
Updated 10/16/2023, 01:07 PM
© Reuters.

WASHINGTON (Reuters) - The Biden administration and Venezuelan President Nicolas Maduro's government are expected to announce a deal on Tuesday that would ease U.S. sanctions on Caracas' oil industry while opening up Venezuela's 2024 presidential election, the Washington Post reported on Monday.

The Post, citing two people familiar with the talks, said the sanctions relief was expected to be announced after Venezuela signs onto election commitments at a meeting in Barbados.

Venezuela and U.S. envoys have met several times since last year in a renewed effort to solve a long-running political and economic crisis in Venezuela, including discussions on a presidential election, with recent progress indicating fresh oil sanction exemptions, five sources previously told Reuters.

Representatives for the White House and the State Department had no immediate comment on the reported Tuesday announcements. Representatives for Maduro's government could not be immediately reached for comment.

Latest comments

The release of political prisoners held in Venezuelan jails, and the rehabilitation of sanctioned political oposition leaders must be a precondition to allow free supervised elections. Any relief of sanctions defore these minimal conditions are met would be another sham that would condemn the Venezuelans to the brutal continuation of the existing dictatorship.
Biden = Crooks
Maduro will be allowed to cheat like hell. Biden will lie to the limp biscuit American people.
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