US to restore sanctions against Venezuela from April 18

Actions by Nicolas Maduro and his representatives in Venezuela, including the arrest of members of the democratic opposition and the barring of candidates from competing in this year’s presidential election, are inconsistent with the agreements signed in Barbados last October by representatives of Nicolas Maduro and the Unitary Platform, according to the statement of US Department of State, Report informs.

In support of the Barbados Agreement, the United States issued General License 44, which provides relief to Venezuela’s oil and gas sector. Absent progress between Maduro and his representatives and the opposition Unitary Platform, particularly on allowing all presidential candidates to compete in this year’s election, the United States will not renew the license when it expires on April 18, 2024. Additionally, the United States is revoking General License 43, which authorized transactions involving Minerven – the Venezuelan state-owned gold mining company. U.S. persons will have fourteen days to wind down any transactions that were previously authorized by that license.