US ends ease of sanctions on Venezuela’s oil

The United States determined that Venezuela’s Nicolas Maduro and his representatives have not fully met the commitments made under the electoral roadmap agreement, which was signed by Maduro representatives and the opposition in Barbados in October 2023.

The US claims that despite delivering on some of the commitments made under the Barbados electoral roadmap, Maduro and his representatives prevented the democratic opposition from registering the candidate of their choice, harassed and intimidated political opponents, and unjustly detained numerous political actors and members of civil society.

The United States calls on Maduro to allow all candidates and parties to participate in the electoral process and release all political prisoners without restrictions or delay.

In order to implement an orderly process following the expiration of General License 44, the United States will issue a 45-day wind-down license. Treasury’s Office of Foreign Assets Control will also consider requests for specific licenses to continue activities beyond the end of the wind-down period on a case-by-case basis.