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The media spoke about the possibility of introducing American sanctions against the oil sector of Venezuela – 2024-03-30 06:03:53

2024-03-30 06:03:53

The administration of US President Joe Biden is inclined not to reimpose sanctions against the Venezuelan oil industry.

As Day.Az reports with reference to TASS, sources told The Wall Street Journal about this.

U.S. officials are concerned that a return to former U.S. President Donald Trump-era sanctions that accelerated the decline in Venezuela’s oil production will lead to higher U.S. gasoline prices and increase the flow of refugees from Venezuela. According to them, restricting the activities of Western oil companies will lead to a reduction in global energy supplies and open the way for Chinese investment in Venezuela.

Biden administration officials have said they do not consider oil sanctions imposed on Venezuela in early 2019 in former President Trump’s attempt to remove President Nicolas Maduro from power as constructive.

The United States lifted sanctions against Venezuela after representatives of the country’s leadership and the opposition at talks in Bridgetown in October concluded an agreement to resume dialogue and organize the electoral process in the Bolivarian Republic in 2024.

The agreements provide for the rejection of any form of political violence against Venezuela and its institutions, recognition of the right of every politician to freely choose their candidate and the provision of guarantees to all participants in the elections. Presidential elections in the republic are scheduled to take place in the second half of 2024.

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