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Page 9 - Venezuela Crisis

US pulls some of Venezuela's sanctions relief as court blocks oppn leader

The US government on Monday pulled back part of the sanctions relief it granted Venezuela last year, following through on its threat after the South American country's highest court blocked the presidential candidacy of an opposition leader. The Department of the Treasury gave companies transacting with Venezuela's state-owned mining company until February 13 to wind down operations. The department had allowed transactions with the mining company in October after the government of President Nicols Maduro reached an agreement with the US-backed opposition faction to work toward levelling the playing field ahead of the presidential election. On Friday, however, the prospect of a free presidential election was dealt a heavy blow when the country's highest court upheld a ban on the candidacy of Mara Corina Machado, a longtime government foe and winner of the primary held by the opposition. Machado, a former lawmaker, won the opposition's independently run presidential primary with more

Updated On : 30 Jan 2024 | 7:34 AM IST

US eases oil, gas, sanctions on Venezuela after electoral roadmap signed

In response to Venezuela's government and a faction of its opposition formally agreeing to work together to reach a series of basic conditions for the next presidential election, the US agreed Wednesday to temporarily suspend some sanctions on the country's oil, gas and gold sectors. Tuesday's agreement between President Nicols Maduro's administration and the Unitary Platform came just days before the opposition holds a primary to pick its candidate for the 2024 presidential election. The US Treasury issued a six-month general license that would temporarily authorise transactions involving Venezuela's oil and gas sector, another that authorizes dealings with Minerven the state-owned gold mining company and it removed the secondary trading ban on certain Venezuelan sovereign bonds. The ban on trading in the primary Venezuelan bond market remains in place, Treasury says. Brian E. Nelson, Treasury's under secretary for terrorism and financial intelligence, said the US welcomes the .

Updated On : 19 Oct 2023 | 8:37 AM IST

Colombia hosts diplomats from 20 countries on Venezuela's political crisis

Diplomats from 20 countries gathered Tuesday in Colombia to discuss the political crisis in Venezuela, where Nicols Maduro's socialist administration has strengthened its autocratic rule despite international efforts to expand political freedoms in the South American nation. The conference was hosted by Colombian President Gustavo Petro, who has called for sanctions on Venezuela's government to be lifted, but also for policies that ensure more democracy in Venezuela. Following the five-hour-long meeting, Colombian foreign affairs minister Alvaro Leyva read a brief statement in which he said the participating nations agreed it is necessary for Venezuela's government and opposition parties to set an electoral calendar that ensures free and fair conditions for all involved. Levya also said there was consensus around lifting sanctions if there's progress in negotiations over Venezuela's political future. Delegates from the United States, the European Union, Brazil and the United Kingdo

Updated On : 26 Apr 2023 | 8:49 AM IST

75% of six million Venezuelan migrants go unfed, unhoused, says UN

The United Nations said on Wednesday that almost three-quarters of the six million Venezuelan migrants currently in Latin America do not have adequate food, shelter, employment or medical care. The UN's International Organisation for Migration said in a report that 4.37 million of the Venezuelans who fled to other countries in Latin America and the Caribbean often live on the streets or inadequate housing, and often go hungry. Latin America and the Caribbean host 84 per cent of the estimated total of about 7 million Venezuelans who emigrated in recent years. The IOM and the UN refugee agency said that half of the Venezuelans in Latin America can't afford three meals a day. Many are forced to turn to sex work to meet their basic needs, the report said. Other take out informal loans or turn to begging. In Colombia, one of the countries that has received the largest number of Venezuelans, 29 per cent of Venezuelan children between the ages of 6 and 17 are not enrolled in ...