{"id":8640,"date":"2024-04-18T03:00:11","date_gmt":"2024-04-18T00:00:11","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=8640"},"modified":"2024-04-18T03:00:11","modified_gmt":"2024-04-18T00:00:11","slug":"us-is-reimposing-oil-sanctions-on-venezuela-officials-say","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=8640","title":{"rendered":"US is reimposing oil sanctions on Venezuela, officials say"},"content":{"rendered":"
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The U.S. will not renew a license set to expire on\u00a0Thursday\u00a0that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro\u2019s failure to meet certain election commitments, senior U.S. officials said.<\/p>\n

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Just hours before the deadline, the U.S. Treasury Department announced on its website that it had issued a replacement license giving companies 45 days to \u201cwind down\u201d their business and transactions in the OPEC country\u2019s oil and gas sector.
\nWashington had repeatedly threatened in recent months to\u00a0reinstate energy sanctions\u00a0unless Maduro made good on his promises that led to partial U.S. sanctions relief from October, following an election deal reached between the government and the Venezuelan opposition.
\nThe sweeping sanctions on Venezuela\u2019s oil industry were first imposed by the Trump administration in 2019 following Maduro\u2019s re-election victory, which the U.S. and other Western governments rejected.
\nWhile Maduro has met some commitments\u00a0under last year\u2019s deal, he has failed to meet others, including allowing the opposition to run the candidate of its choice against him in the July 28 presidential election,\u00a0the officials told reporters on Wednesday.
\nAs a result, the Biden administration plans to allow the current six-month general license to expire without renewal just after midnight\u00a0EDT\u00a0(0500\u00a0GMT\u00a0on Thursday), the officials\u00a0said\u00a0on condition of anonymity.
\n\u201cThe areas in which they have fallen short include the disqualification of candidates and parties on technicalities and what we see as a continued pattern of harassment and repression against opposition figures and civil society,\u201d one official said.
\nThe withdrawal of the most significant element of U.S. sanctions relief marks a major step back from U.S. President Joe Biden\u2019s policy of re-engagement with the Maduro government.
\nThe Biden administration,\u00a0however,\u00a0is stopping short of a full return to the \u201cmaximum pressure\u201d campaign waged under former U.S. President Donald Trump.
\nWeighing on the U.S. decision have been concerns about whether reimposing sanctions on Venezuela\u2019s energy sector could spur higher global oil prices and increase the flow of Venezuelan migrants to the U.S.-Mexico border as Biden campaigns for reelection in November.<\/p>\n

STRUGGLE TO CRAFT SANCTIONS DECISION
\nBiden\u2019s aides had struggled in internal deliberations to craft an approach that would punish Maduro but not hurt U.S. interests with the expiration of the license that has allowed Venezuela to freely sell its crude, U.S. sources said.
\nVenezuelan officials have insisted they are ready for any scenario and can weather renewed U.S. oil sanctions.
\n\u201cWe are prepared commercially,\u201d\u00a0Oil\u00a0Minister Pedro Tellechea told reporters earlier on Wednesday at the Caracas headquarters of state oil firm PDVSA. \u201cLogistically, we will continue producing.\u201d
\nSome companies, he said, may be reluctant to invest in the face of Washington\u2019s \u201cunilateral measures\u201d but most will continue.
\nVenezuela\u2019s\u00a0oil exports\u00a0in March rose to their highest level since early 2020 as customers rushed to complete purchases ahead of the predicted expiration of the license, Reuters reported this month.
\nSince the easing of sanctions in October,\u00a0however, Venezuela\u00a0has made only slow progress toward rebuilding its production capacity, with its crippled infrastructure and lack of fresh investment continuing to place limits on what it can achieve.
\nThe Biden administration is leaving open the possibility that it could eventually temper its response. One U.S. official said the latest action \u201cshould not be viewed as a final decision that we no longer believe Venezuela can hold competitive and inclusive elections,\u201d adding that Washington would continue to engage with Maduro\u2019s representatives.
\nAny activity under the expiring license will have to be completed by May 31, but companies can still revert to applying individually for specific licenses, the officials said. Securing approval will depend on how permissive the U.S. decides to be.
\nCertain U.S. authorizations separate from the expiring license will be untouched, including permission given to Chevron\u00a0CVX.N\u00a0since 2022 to sell oil in the U.S. from its Venezuela joint ventures as well as existing approvals for European firms to take Venezuelan oil.
\nAmong the top U.S. concerns about Venezuela\u2019s electoral conditions has been the crackdown on Maduro\u2019s political opponents.
\n\u201cWe were particularly concerned by the fact that the Venezuelan authorities also blocked the leading opposition candidate Maria Corina Machado from running,\u201d one U.S. official said.
\nVenezuelan authorities have maintained an election ban on Machado, who resoundingly won the opposition primary last October, and the opposition is currently holding internal negotiations about who could run as a substitute.
\nThe U.S. has also decried a string of arrests in recent months of opposition politicians and activists.<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. will not renew a license that eased Venezuela oil sanctions, imposing punitive measures due to President Nicolas Maduro’s failure to meet election commitments.<\/p>\n","protected":false},"author":3,"featured_media":8641,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[4791,2011,2149,492,3397,186,1221,4422,6595,4670,33,2577,5732,3471,3,1381,166,1600,6907,4984,153,358,1898,1606,4548,250,3330,415,1823,1991,6403,6389,2753,756,961,1259,1864,3331,5076,2057,1493,4833,4843,1670,1356,3775,1033,3840,6908,2342,1408,331,618,973,841,2801,3523,6330,380,198,6906,4560,3519,339,6305,4568],"class_list":["post-8640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-approval","tag-arrests","tag-ban","tag-biden","tag-biden-administration","tag-business","tag-campaign","tag-candidates","tag-capacity","tag-chevron","tag-companies","tag-concerns","tag-conditions","tag-customers","tag-cyprus","tag-deadline","tag-donald-trump","tag-election","tag-election-commitments","tag-election-victory","tag-elections","tag-energy","tag-energy-sector","tag-exports","tag-gas","tag-google","tag-google-news","tag-government","tag-increase","tag-industry","tag-infrastructure","tag-interests","tag-investment","tag-joe-biden","tag-mexico","tag-migrants","tag-negotiations","tag-news","tag-oil","tag-oil-prices","tag-opec","tag-policy","tag-president","tag-president-joe-biden","tag-presidential-election","tag-pressure","tag-prices","tag-progress","tag-punitive-measures","tag-re-election","tag-repression","tag-sanctions","tag-top","tag-treasury","tag-trump","tag-u-s-officials","tag-u-s-president","tag-u-s-president-joe-biden","tag-us","tag-venezuela","tag-venezuela-oil-sanctions","tag-victory","tag-washington","tag-weather","tag-who","tag-withdrawal"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\nUS is reimposing oil sanctions on Venezuela, officials say<\/title>\n<meta name=\"description\" content=\"oil sanctions. 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