The US government and nearly 30 conservative world leaders on Saturday condemned the decision of Venezuela's highest court to block the presidential candidacy of opposition leader Mara Corina Machado. The Biden administration, however, remained noncommittal about reimposing economic sanctions on Venezuela, which it has threatened to do if the government of President Nicols Maduro failed to ensure a level playing field for the country's presidential election this year. "The United States is currently reviewing our Venezuela sanctions policy, based on this development and the recent political targeting of democratic opposition candidates and civil society," US State Department spokesman Matthew Miller said in a statement. Machado won a presidential primary held in October by the faction of the opposition backed by the US. She secured more than 90 per cent of the vote despite the Venezuelan government announcing a 15-year ban on her running for office just days after she formally enter
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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 .
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