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Venezuela Risks Sanctions Return if Political Conditions Not Met

OIL

The US could reimpose energy sanctions on Venezuela if commitments towards free elections and the release of more political prisoners are not met by 30 November according to White House senior adviser Juan Gonzales.

  • "We have taken a pretty big step to signal our commitment, but after 30 November, if those expectations are not fulfilled, we will have to take steps to dismantle that sanctions' relief," he cautioned.
  • A Venezuelan court suspended results of the political opposition's primary late October, which former lawmaker Maria Corina Machado won. The Maduro government has yet to give assurances that she can run.
  • In terms of not fulfilling the deal, Gonzales said there are different options for US actions, from completely reinstating sanctions to other options under discussion but did not elaborate further.

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