U.S. to Reimpose Sanctions on Venezuela: What This Means

The United States is set to reimpose sanctions on Venezuela's oil and gas sector in response to the Maduro government's failure to facilitate an "inclusive and competitive election." Last October, the U.S. Treasury Department issued a temporary authorization, allowing transactions with Venezuela's national oil and gas sector. However, this authorization expires soon, prompting the Biden administration to assess Venezuela's compliance with its commitments. The United States concluded that the Maduro governme ...