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Venezuelan and US Officials Have Secret Meet Ahead of Sanctions Deadline

OIL

US officials had a secret meeting with Venezuelan President Nicolás Maduro’s administration ahead of the April 18 deadline for energy sanctions to try and keep him engaged in the process to democratic reform.

  • Bloomberg reports that officials from each side met on Tuesday in Mexico City.
  • Maduro is seen as falling well short of commitments towards fairer elections having banned his main political opponent, Maria Corina Machado, from running against him in upcoming elections.
  • He also banned her first substitute candidate, testing the patience of Biden Administration commitments to sanctions relief.
  • Further questions remain about the election, including the participation of credible electoral observers, who are visiting Venezuela starting this week.
  • It is not clear whether the meet between the officials this week has made any headway in negotiations.
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