The U.S. government has decided to reimpose oil sanctions on Venezuela following President Nicolas Maduro's failure to progress towards free and fair elections, as outlined in the Barbados agreement. This decision involves the expiration of a Treasury Department license that allowed oil and gas production, which will not be renewed beyond its Thursday deadline. The Biden administration has issued a new 45-day license for companies like Chevron to wind down transactions by May 31. This move has drawn criticism and concern regarding its potential impacts on oil prices and migration, as well as the credibility of U.S. foreign policy.
t’s unclear what impact the sanctions snapback will have on Venezuela’s long floundering oil industry — or whether it will pressure Maduro to offer a more level electoral playing field. https://t.co/ZHeVhsKhUX
We live in a clown world. $USO $UCO $BNO #OOTT President Joe Biden’s administration reimposed oil sanctions on Venezuela, ending a six-month reprieve, after determining that Nicolas Maduro’s regime failed to honor an agreement to allow a fairer vote in elections scheduled for… https://t.co/XS3lLfKX61
We live in a clown world. President Joe Biden’s administration reimposed oil sanctions on Venezuela, ending a six-month reprieve, after determining that Nicolas Maduro’s regime failed to honor an agreement to allow a fairer vote in elections scheduled for July. The Treasury… https://t.co/yDMuNeCClF
New U.S. policy -Western oil firms that entered Venezuela after the U.S. lifted sanctions in Oct. must apply for license. -Out by May 31 without them. -Chevron, Eni, Repsol don't need new ones. -Companies that want to get in must apply for licenses. https://t.co/ifha2KpN9Q @WSJ
Venezuela open to business in oil sector even after U.S. license expiration https://t.co/asBsdraSDb
The White House will restart sanctions on Venezuela's oil and gas industry that were put on hold six months ago to encourage President Nicolas Maduro to support free and fair elections in his country. https://t.co/xEjBbMdzaf
Despite Maduro's repression, US oil companies can carry on in Venezuela, though special permits required. “The U.S. had to show they were doing something,” one analysts told @WSJ “But in the end, things don’t change all that much." https://t.co/ogHw3LK85O via @WSJ
BREAKING: Biden administration to end sanctions waiver on Venezuelan oil #OOTT https://t.co/SBh1nBtUqZ
US replaces license that had broadly eased Venezuela oil sanctions, authorizes wind down, website shows https://t.co/GZSPeljaYj https://t.co/Sa4WaHDbJd
VENEZUELA'S OIL MINISTER TELLECHEA SAYS THE COUNTRY IS WILLING TO CONTINUE DOING BUSINESS WITH FOREIGN COMPANIES, EVEN AFTER US LICENSE EXPIRATION.
US reinstates sanctions against Venezuela over 'non-compliance' with Barbados agreement on elections in Venezuela
Explainer: Expiration of US oil license to #Venezuela to impose a ceiling on output growth #oott https://t.co/MX664yfhay
Explainer: Expiration of US oil license to Venezuela to impose a ceiling on output growth https://t.co/TENY56ONoF
#Breaking Biden administration snaps back oil sanctions on #Venezuela. “#Maduro and his representatives did not fully comply with the spirit or the letter of the agreement” signed in Barbados with the opposition. https://t.co/3znXZZhPL7
U.S. to remove sanctions relief on Venezuelan oil industry https://t.co/nbduWqIXjo
Authorizing the Wind Down of Transactions Related to Oil or Gas Sector Operations in #Venezuela #oott https://t.co/KeahCGbaWE
US to Reinstate #Venezuela Sanctions, Says Maduro Broke Deal Move may cost Caracas regime hundreds of millions of dollars Longtime leader stopped rivals from registering as candidates #oott https://t.co/rNE4p76QZj
THE BIDEN ADMINISTRATION TO ALLOW CHEVRON AND OTHER OIL COMPANIES TO CONTINUE WORKING IN VENEZUELA UNDER SPECIAL LICENSE.
The US administration today reimposed sanctions targeting #Venezuela's oil exports and energy sector investments and set a deadline of 31 May for most foreign companies to wind down business with state-owned PdV. #oott https://t.co/AfA8KMr1ny
🚨 U.S. Restores Oil Sanctions on Venezuela as Hopes Dim for Free Election - NY Times
US replaces license that had broadly eased #Venezuela oil sanctions, authorizes wind down, website shows #oott https://t.co/AOzmpq4llJ
U.S. Restores Oil Sanctions on #Venezuela as Hopes Dim for Free Election The Biden administration had temporarily lifted sanctions after President Nicolás Maduro agreed to make free elections possible. Now Mr. Maduro has put up barriers to a credible vote #oott…
The US has replaced a license that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro’s failure to meet certain election commitments. The new license, 44A, authorizes the wind down of transactions until May 31
U.S. REPLACES LICENSE THAT EASED OIL SANCTIONS ON VENEZUELA WITH NEW 45-DAY LICENSE FOR COMPANIES TO WIND DOWN TRANSACTIONS -TREASURY WEBSITE
*US: VENEZUELA OIL, GAS TRANSACTIONS MUST WIND DOWN BY MAY 31
“The US plans to allow a Treasury Department license permitting oil and gas production to expire without renewal on Thursday, according to people familiar with the plan, who asked not to be identified without permission to speak publicly, if Venezuela fails to act.” https://t.co/QsYwGUyaXF
US signals Venezuela oil sanctions relief at risk as deadline looms https://t.co/XAHqekzFuk
The US must decide this week whether to reinstate oil sanctions on Venezuela, and it's far from a foregone conclusion, writes @lkassai https://t.co/6yo7GdlAGe
US signals #Venezuela oil sanctions relief at risk as deadline looms #oott https://t.co/reBpoRGmCE
What are US sanctions on #Iran? How can Washington impose more? #oott https://t.co/UxulGfneHJ
Biden aids worry that reimposing sanctions on #Venezuela will drive oil prices &migration up. Experts warn the US will lose credibility if it doesn’t take action. Time to “contain” the regime, they say. https://t.co/ZxU4dLMmG4 https://t.co/7t9QwgCq3j
The U.S. must hold the Maduro regime accountable – not give oil industry handouts to his brutal dictatorship. Joined @SenDanSullivan in urging @POTUS to reinstate preexisting sanctions and ensure free and fair elections are held in Venezuela. https://t.co/tKrrPHbTqt
Will Biden reimpose sanctions on Venezuela? U.S. presidential election muddles decision https://t.co/J476jnF3Li
Should the Biden administration reimpose sanctions on Venezuela? Extending relief beyond the April 18 deadline could send an unwelcomed message to other authoritarian leaders. The latest from Pivotal States: https://t.co/TFhA7aW4un
Biden under fire for shutting down US oil production, urged to impose sanctions on Venezuela https://t.co/2692YIj3tC
US ties renewal of easing of Venezuela oil sanctions to progress on elections https://t.co/HkJYlgKDkc
US says it will not renew easing of Venezuela oil sanctions unless progress made on elections https://t.co/QbUQJJL9nt