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Gold/Mining/Energy : Gold Reserve Inc.
GRZ.V 2.150+5.9%Oct 28 3:59 PM EDT
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From: MeTwo5/17/2022 1:34:06 PM
   of 27
 
The Biden administration will ease sanctions on President Nicolás Maduro in Venezuela in exchange for a commitment from the government to dialogue in Mexico City with Venezuela’s opposition movement, sources familiar with the matter told McClatchy and the Miami Herald, marking a turning point in Washington’s pressure campaign on Caracas.

Maduro walked away from talks with the Venezuelan opposition last fall, all but collapsing the fragile diplomatic effort. The country’s democratic leader, Juan Guaidó, whose movement has faltered over the past year, has rested his negotiating position on continued U.S. sanctions.

A senior administration official told McClatchy that the sanctions relief was coordinated with the opposition.

“It is very important to stress that this was done in coordination with the interim president, Juan Guaidó, to move the talks forward,” the official said. “This is something that they thought would be helpful for the talks to move forward.”

The United States and nearly 60 other nations recognize Guaidó as Venezuela’s interim president and accuse Maduro of leading the economic collapse of Venezuela over the past nine years. The Trump administration imposed severe sanctions on Caracas and even considered using force to overthrow Maduro in 2019.
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