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US Need Election Progress to Renew Venezuelan Special License

OIL

The U.S. does not intend to renew the special license granting Venezuela eased energy sanctions unless progress is made towards free and fair elections a State Department spokesperson said on Monday.

  • "Absent progress by Maduro and his representatives in terms of implementing the road map’s provisions, the United States will not renew the license when it expires on April 18, 2024," the spokesperson said.
  • The deal expires this week on April 18. The U.S. held secret talks in Mexico last week with Venezuelan officials, but it was indicated no progress was made.
  • Venezuela's opposition is conducting internal negotiations about how to run a candidate in the July 28 election and who that candidate could be.
  • Without allowing the main opposition leader, Maria Corina Machado to run, the US will be likely to have to reimpose sanctions in some form this week.
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