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The US reiterates that it will ease sanctions on Venezuela if there are free elections in 2024

U.S this Monday reaffirmed its commitment to softening the sanctions imposed Venezuelasince the Government Nicolás Maduro implement reforms that lead to free and fair elections next year.

A North American source informed EFE that the Biden Government’s policy remains the same and the priority continues to be the lifting of sanctions in exchange for Maduro carrying out democratic reforms, something that becomes more important as the presidential elections approach. Venezuela scheduled for 2024.

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However, the same source clarified that “noagreement” with Maduro, thus denying the information published this Monday by The Washington Post, which cited two sources familiar with the conversations.

According to the American newspaper, the Biden and Maduro governments reached an agreement in which Washington would ease sanctions related to Venezuela’s oil industry in exchange for Caracas allow international observation in the 2024 presidential elections.

According to The Washington Post, this agreement should be announced tomorrow, Tuesday, after a meeting in Barbados between the Venezuelan Government and the opposition with the aim of resuming political dialogue, frozen for 11 months.

In this regard, the aforementioned American source said that the talks “tip” are being carried out between the Government and the opposition, and not between the Maduro Administration and the Biden Administration.

Our participation is due to the fact that there are US sanctions against Venezuela and the policy we have adopted is that we will ease sanctions in response to concrete steps towards competitive elections.“, highlighted the aforementioned source.

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Sanctions on Venezuela were strengthened under the government of donald trump (2017-2021) with economic restrictions against several Venezuelan officials, including the son of the country’s president, Nicolás “Nicolasito” Ernesto Maduro Guerraand limits on the company’s operations in the U.S. Venezuelan oil (PDVSA), the main source of foreign exchange for Caracas.

Biden has maintained many of these sanctions. However, in November last year, the US president authorized the oil company Chevron resume its extraction operations in Venezuela on a limited basis.

Source: Elcomercio

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