US moves to reimpose sanctions on Venezuela after opposition candidate barred from presidential election
US moves to reimpose sanctions on Venezuela after opposition candidate barred from presidential election
The US has reimposed economic sanctions against a Venezuelan state-owned mining company and could go on to issue further sanctions on the country’s oil and gas sector after Venezuela’s Supreme Court barred main opposition candidate Maria Corina Machado from running for president last week.
The US has reimposed economic sanctions against a Venezuelan state-owned mining company and says it could go on to reimpose further sanctions on the country’s oil and gas sector after Venezuela’s Supreme Court barred main opposition candidate Maria Corina Machado from running for president last week.
The US Treasury on Monday revoked General License 43, which had authorized dealings with mining conglomerate CVG-Minerven. The Treasury said US companies have until February 13 to wind down transactions that were previously authorized by that license.
While US economic sanctions against the mining company are unlikely to cause significant damage to the Venezuelan economy, the US State Department has crucially signaled it intends to renew oil and gas sanctions from April 18, if there’s no progress between Venezuela’s authoritarian president Nicolas Maduro and the opposition “particularly on allowing all presidential candidates to compete in this year’s elections,” it said in a statement.
She wants to privatize huge swathes of the Venezuelan government and wants a Milei style capitalist "shock therapy". She's on record not only stating that helping poor people is bad, but defends the statement. She'd make a bad situation for the Venezuelan people far, far worse. Of fucking course she should be barred from running. The US should stop intervening in South America.
Oh yeah more sanctions for trouble areas. Surely this will help our immigration problem
What immigration problem?
I don't think they should have barred Machado from running, but I also don't think the US should sanction them over it. American meddling never improves this sort of situation, especially when in the form of hurting a country's economy.
Oh, you're a victim of a government we deem undemocratic? We'll further suffocate you economically then!
Sanctions should be recognized as a crime against humanity.
This is the best summary I could come up with:
Venezuela’s Vice President Delcy Rodríguez described the move as “blackmail” on Tuesday, warning that Caracas would stop cooperating in repatriation flights for Venezuelan migrants from the US if Washington’s “economic aggression” intensifies.
In October, the Biden administration lifted general economic sanctions targeting Venezuela’s mining and oil industries, in support of an agreement struck in Barbados between Maduro and the opposition to hold free and fair elections in 2024.
Earlier on Monday, White House’s spokesperson John Kirby had said Maduro had until April to return to the negotiating table and commit to what was agreed last year, including holding free elections where all candidates are allowed to run, or sanctions could be reimposed.
It also has the potential to impact the US domestic gas market because several US companies, including Chevron, operate in Venezuela and Venezuelan crude is regularly exported to refineries in the US Gulf Coast, data from the US Energy Information Administration show.
In an interview with CNN’s Isa Soares on Tuesday, Machado warned millions more Venezuelans could flee the country if Maduro doesn’t comply with commitments to hold free elections.
Machado also commented on Rodríguez’s warning that Venezuela could stop cooperating on repatriation flights, saying, “You can imagine that it breaks my heart to see our people being used in such a hard and unlawful way.
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How long can Maduro continue to starve his people and threaten his neighbors before the world steps in and does something?
Ah, the good ol "spreading of democracy" in an oil rich country. A true classic.
This is in very poor taste as a comment on an article about the US increasing sanctions that really will make Venezuelans go hungry.
Expect more Venezuelans crossing the border then.