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ARTICLE · 01 FEBRUARY 2024

Venezuelan Sanctions: Relaxations In Jeopardy

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Earlier this week, the U.S. government partially re-implemented certain recently relaxed sanctions against Venezuela.

United StatesInternational Law
David (Dj) Wolff
David (Dj) Wolff
Daniel Gyamfi
Daniel Gyamfi
Andrew Schlegel
Andrew Schlegel

Earlier this week, the U.S. government partially re-implemented certain recently relaxed sanctions against Venezuela. According to a statement released by the United States Department of State on January 30th, the absence of meaningful progress in allowing candidates of the opposition Unitary Platform to stand for office in the upcoming Venezuelan presidential election has led to the re-imposition of economic measures designed to deprive the Maduro government of funding.

The Biden Administration has set an April deadline for the Maduro regime to uphold his commitments under the Barbados Agreement, signed in October of 2023. If no progress is made between Maduro's United Socialist Party of Venezuela (PSUV) and the opposition Unitary Platform by April 18, the remainder of the recently relaxations are likely to expire, leading to the re-imposition of energy related sanctions.

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