US Seen Unlikely to Return All Venezuela Sanctions After Ruling

 

• Analysts see gold sanctions most probable to return, not oil
• Top court ruling dims hope for opposition to run in election

Venezuelan President Nicolas Maduro’s backsliding on his promise of free and fair elections is likely to prompt the return of some US sanctions, though the Biden administration will probably refrain from imposing the stiffest penalties related to oil, according to analysts.

Maduro has jailed aides to the opposition presidential candidate, María Corina Machado, and Venezuela’s top court last week upheld a ban against her and others holding office. That dimmed the glimmer of hope that Maduro would face real competition in his quest for reelection this year.

https://www.bloomberg.com/news/articles/2024-01-29/us-seen-unlikely-to-return-all-venezuela-sanctions-after-ruling