US eases Venezuela oil sanctions after election deal

Source: BBC

US eases Venezuela oil sanctions after election deal

19 October 2023

By George Wright
BBC News

The United States is easing sanctions on Venezuela after the South American country's government and opposition agreed to hold elections next year.

Sanctions will be eased on Venezuela's oil, gas and gold sectors.

The Venezuelan government has agreed to invite international observers to monitor the election, which has been scheduled for the second half of 2024.

Other sanctions imposed over the suppression of protests and the erosion of democracy remain in place.

Washington has cautioned that the relaxation could be reversed if the electoral pact collapses.

-snip-

Read more: https://www.bbc.com/news/world-latin-america-67153460