The U.S. Treasury announced it would authorize Chevron to resume limited oil operations in Venezuela. Here's a look at why the Biden administration is extending an olive branch to the country.
The opposition's leaders are demanding democratic reforms that would open the door to free and fair Venezuelan presidential elections in 2024.
"We would like the release of political prisoners," Carlos Vecchio, the Venezuelan opposition's envoy to Washington, told NPR, speaking about his countrymen jailed in Venezuela."We would like to see a date for the election. We would like to see free media and protection against human rights violations."Venezuelan President Nicolás Maduro speaks during a news conference in Caracas Tuesday. His government has met with U.S.
Venezuelan President Nicolás Maduro speaks during a news conference in Caracas Tuesday. His government has met with U.S. officials and this week, the Colombian president, in signs countries may be warming up to the authoritarian Venezuelan regime.Sanctions relief would help Venezuela rebuild its oil industry and allow its crude to start flowing to global markets again, including to the U.S., which used to be Venezuela's No. 1 buyer.
Maduro"can use repression and fraud to stay in power. But I think he would far rather win a relatively clean election," said Phil Gunson, a senior analyst in Caracas for the International Crisis Group."And he can't do that unless the economy is fixed or at least looks like it's moving in the right direction."Reengagement could convince Maduro to stick with negotiations with the political opposition with the goal of free elections and a democratic transition.
More sanctions relief could, in turn, help improve Venezuela's economy and reduce the outflow of Venezuelan migrants. Under Maduro, more than 7 million people have fled Venezuela with many
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