US Reinstates Some Venezuelan Sanctions Due To Election Non-Compliance

Venezuelan President Nicolas Maduro gestures during a press conference at the Miraflores Presidential Palace in Caracas on November 30, 2022. (Photo by Yuri CORTEZ / AFP) (Photo by YURI CORTEZ/AFP via Getty Images)

The United States announced this Wednesday it is partially reversing the relief of sanctions on Venezuelan oil and gas, accusing the president of Venezuela, Nicolás Maduro, of failing to fulfill his electoral commitments with the disqualification of the opposition candidate María Corina Machado.

The Treasury Department decided not to renew the relief that expires midnight and set a deadline of May 31 for foreign companies to halt all oil and gas production and export operations they have had over the past six months.