Venezuela Sanctions Resumed: What it Means for the Region and Beyond

Maduro refuses to bow to US energy sanctions, declaring Venezuela’s independence

The United States has announced the resumption of sanctions against the Bolivarian revolution in Venezuela due to non-compliance with the Barbados Agreements between the government and opposition. Nicolás Maduro responded defiantly, stating that they are not anyone’s colony and that the empire’s attempts to harm them will harm itself.

The first consequences of this decision were the termination of the immigration agreement with the United States by the Venezuelan government and threats of “capital punishment” for opposition leader María Corina Machado if she were imprisoned in the United States. The dismantling of general license 44 on oil and gas transactions, which was decreed last October after commitments to free and fair elections, is being carried out gradually. Foreign companies have until May 31 to close all energy production and export operations in Venezuela.

The US retains the possibility of approving certain licenses for companies already operating in Venezuela as part of pressure on Maduro to allow the nomination of an opposition candidate. Sanctions are seen as a way to maintain pressure on Maduro and narrow the electoral route. However, it seems that there are other issues at play here, such as online casinos, public relations, fundraising, etc., which do not seem relevant to the topic at hand.

The National Electoral Council has set a deadline for changes in presidential nominations but it appears that these have been manipulated to favor controversial governor Manuel Rosales. The opposition is facing challenges in agreeing on a unitary candidate while Chavismo seems comfortable with the current scenario.

In summary, sanctions against Venezuela have resumed due to non-compliance with agreements between government and opposition. This move has resulted in consequences such as termination of immigration agreements and threats against opposition leaders. It is important for both parties to come together and find a solution that benefits everyone involved rather than engaging in actions that only further escalate tensions.

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