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Jan 29, 2024
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US Seen Unlikely to Return All Venezuela Sanctions After Ruling

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Venezuelan President Nicolas Maduro’s backsliding on his promise of free and fair elections is likely to prompt the return of some US sanctions, though the Biden administration will probably refrain from imposing the stiffest penalties related to oil, according to analysts. Author of the article: Bloomberg News Fabiola Zerpa, Eric Martin and Patricia Laya Published

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Business * Venezuelan President Nicolas Maduro’s backsliding on his promise of free and fair elections is likely to prompt the return of some US sanctions, though the Biden administration will probably refrain from imposing the stiffest penalties related to oil, according to analysts.

Author of the article:

Bloomberg News

Fabiola Zerpa, Eric Martin and Patricia Laya

Published Jan 28, 2024  •  4 minute read

Nicolas Maduro, Venezuela’s president, delivers a State of the Union address at the National Assembly in Caracas, Venezuela, on Monday, Jan. src5, 2024. President Maduro, speaking during his annual address in congress, said the country’s economy growth surpassed 5% of GDP in 2023. Photo by Gaby Oraa /Bloomberg(Bloomberg) — Venezuelan President Nicolas Maduro’s backsliding on his promise of free and fair elections is likely to prompt the return of some US sanctions, though the Biden administration will probably refrain from imposing the stiffest penalties related to oil, according to analysts.

Maduro has jailed aides to the opposition presidential candidate, María Corina Machado, and Venezuela’s top court last week upheld a ban against her and others holding office. That dimmed the glimmer of hope that Maduro would face real competition in his quest for reelection this year.

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