* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, October 21, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Placer County town of Loomis considers entertainment zone for downtown – CBS News

    Loomis Unveils Thrilling New Entertainment Zone to Revitalize Downtown

    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    ‘New frontier’: Austin leaders start discussions on air taxi technology – KXAN Austin

    Austin Leaders Ignite Exciting Conversations on the Future of Air Taxi Technology

    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Placer County town of Loomis considers entertainment zone for downtown – CBS News

    Loomis Unveils Thrilling New Entertainment Zone to Revitalize Downtown

    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    ‘New frontier’: Austin leaders start discussions on air taxi technology – KXAN Austin

    Austin Leaders Ignite Exciting Conversations on the Future of Air Taxi Technology

    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

US Seen Unlikely to Return All Venezuela Sanctions After Ruling

January 29, 2024
in Business
US Seen Unlikely to Return All Venezuela Sanctions After Ruling
Share on FacebookShare on Twitter

Venezuelan President Nicolas Maduro’s backsliding on his promise of free and fair elections is likely to prompt the return of some US sanctions, though the Biden administration will probably refrain from imposing the stiffest penalties related to oil, according to analysts.

Author of the article:

Bloomberg News

Bloomberg News

Fabiola Zerpa, Eric Martin and Patricia Laya

Published Jan 28, 2024  •  4 minute read

Nicolas Maduro, Venezuela's president, delivers a State of the Union address at the National Assembly in Caracas, Venezuela, on Monday, Jan. 15, 2024. President Maduro, speaking during his annual address in congress, said the country's economy growth surpassed 5% of GDP in 2023.Nicolas Maduro, Venezuela’s president, delivers a State of the Union address at the National Assembly in Caracas, Venezuela, on Monday, Jan. 15, 2024. President Maduro, speaking during his annual address in congress, said the country’s economy growth surpassed 5% of GDP in 2023. Photo by Gaby Oraa /Bloomberg

(Bloomberg) — Venezuelan President Nicolas Maduro’s backsliding on his promise of free and fair elections is likely to prompt the return of some US sanctions, though the Biden administration will probably refrain from imposing the stiffest penalties related to oil, according to analysts.

Maduro has jailed aides to the opposition presidential candidate, María Corina Machado, and Venezuela’s top court last week upheld a ban against her and others holding office. That dimmed the glimmer of hope that Maduro would face real competition in his quest for reelection this year.

Advertisement 2

This advertisement has not loaded yet, but your article continues below.

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.

Article content

Article content

Yet the US, which suspended sanctions last year after Maduro committed to a democratic process, has plenty of incentives to continue negotiating with the Venezuelan leader and to keep more lenient policy in place, experts say.

“From the Biden administration’s perspective, sanctions were not working in the first place,” said David Voght, managing director at IPD Latin America, an energy research group.

And easing sanctions, he said, has “achieved certain key wins.”

Maduro is allowing the US to send undocumented migrants on flights back to Venezuela, helping President Joe Biden take a tougher stance on immigration in an election year. And Venezuelan oil driller PDVSA is boosting exports directly to US ports now that restrictions have been lifted on its sales, helping keep oil prices in check and providing support, even if modestly, to its economy.

On Friday, Venezuela’s top court closed the path for Machado to run for president this year, putting the Biden administration in the awkward position of deciding whether to reinstate sanctions it had suspended to support free and fair elections.

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

Article content

Advertisement 3

This advertisement has not loaded yet, but your article continues below.

Article content

Some experts say it’s likely that Biden will choose a half-measure to punish Maduro for Venezuela’s antidemocratic moves, perhaps reimposing sanctions on gold exports or restricting only new oil production deals. One person familiar with the process said that the US could partially reimpose sanctions on oil production by limiting licenses and only allowing for some projects but not all to continue, short of the total ban that existed before October.

Neither move would be a significant blow to Maduro in the short term, but they would allow Biden to show he’s taking action. It would also give some leeway until a final date for presidential elections is set. Venezuela’s government has agreed with the opposition the country will go to the polls in the second half of 2024. Yet, this might further delay the financing from the international banking system that’s crucial for local oil firms. 

“It is highly unlikely that the Biden administration will reimpose the same oil sanctions scheme that existed” previously, said Francisco Monaldi, a fellow in Latin American energy policy at Rice University’s Baker Institute for Public Policy. 

Advertisement 4

This advertisement has not loaded yet, but your article continues below.

Article content

“Most probably the US will end the gold license as a first warning expecting that an opposition agreement for a presidential candidate is reached before April, when the oil license expires,” he added. A ban on state-owned gold miner Minerven was imposed in 2019 to prevent lucrative sales that keep the military loyal to Maduro.

The State Department on Saturday said that the US is reviewing its sanctions policy toward Venezuela. 

No decisions regarding Venezuela’s sanctions have been taken yet, and the Biden administration expects to complete its review within days, according to people familiar with the process, who asked not to be identified without permission to speak publicly. The National Security Council and Treasury Department on Sunday declined to provide additional comment.

Following Friday’s Supreme Court ruling, the Venezuelan opposition and the US government are likely evaluating whether the court’s action is final or if there’s a way to negotiate with the Maduro regime for Machado to be included in the election, or for the opposition to accept a replacement candidate, said Mark Feierstein, the US National Security Council’s senior director for western-hemisphere affairs in the Obama administration.

Advertisement 5

This advertisement has not loaded yet, but your article continues below.

Article content

“I think the administration is hopeful that negotiations will continue between them and the regime,” said Feierstein, now a senior adviser at the US Institute of Peace.

Oil Sanctions Unlikely

Even if Venezuela is no longer as significant an oil player as it had been previously, the US has reasons to ensure the country remains a supplier. A partial re-imposition of sanctions not related to oil would leave energy major Chevron Corp. free to keep sending oil shipments to US refineries and increasing its output. The San Ramon, California-based firm has more than doubled its production during 2023, and plans to drill this year.

European firms like Eni SpA and Repsol SA are currently producing oil and gas, with operations secured by comfort letters extended by the US Treasury Department’s Office of Foreign Assets Control. A partial reimposing of sanctions would not affect their business. PDVSA, Chevron, Eni and Repsol didn’t immediately reply to requests for comment.

Trading firms have also approached Venezuela to restart direct purchases. Any halt in ongoing talks with the international banking system to reestablish financing for the sector because of the recent political squabble will further delay efforts to increase output.

“There’s potential for a partial reimposition of sanctions to signal that the US is serious, but negotiations can continue,” Feierstein said. “The mining one is the easiest to do, and the limits on financial transactions were more harmful to US investors than Venezuela. Oil is the most serious one, and I’d be surprised if they did that immediately.”

Article content

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Financial Post – https://financialpost.com/pmn/business-pmn/us-seen-unlikely-to-return-all-venezuela-sanctions-after-ruling

Tags: businessreturnunlikely
Previous Post

China Tightens Securities Lending Rule to Support Stock Market

Next Post

How the FBI targeted Camus, and then Sartre after the JFK assassination (2013)

UEFA becomes first sporting body to sign up to global anti-piracy coalition – The New York Times

UEFA Leads the Charge as First Sports Organization to Join Global Anti-Piracy Coalition

October 21, 2025
The lover’s guide to the 2025 World Series – The New York Times

Your Ultimate Lover’s Guide to the 2025 World Series

October 21, 2025
Rethinking Growth In A Broadening Economy – Seeking Alpha

Unlocking Success: New Insights for Thriving in a Booming Economy

October 21, 2025
Hetzel Design: blending architecture and entertainment – Blooloop

Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

October 21, 2025
Study suggests earlier start of hormone therapy optimizes long-term health outcomes – News-Medical

Starting Hormone Therapy Sooner May Boost Long-Term Health Benefits

October 21, 2025
Some States With Democratic Governors Are Posting Partisan Shutdown Messages on Official Websites – The New York Times

Some States with Democratic Governors Feature Partisan Shutdown Messages on Official Websites

October 21, 2025
Revisiting Pope Francis’ Call for ‘Ecological Conversion’ – Sojourners

Pope Francis’ Powerful Appeal for a Global Ecological Awakening

October 21, 2025
PJSB donates $50,000 for UACCM Nursing and Science Center – KVOM

PJSB donates $50,000 for UACCM Nursing and Science Center – KVOM

October 21, 2025
An update from Riane Eisler, author of “The Chalice and the Blade,” on achieving peace. – Psychology Today

An update from Riane Eisler, author of “The Chalice and the Blade,” on achieving peace. – Psychology Today

October 21, 2025
We live in a sailboat and travel the world full-time… but our lifestyle isn’t as glamorous as you’d think – Daily Mail

Living Full-Time on a Sailboat and Traveling the World: The Reality Behind the Glamour

October 21, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (878)
  • Economy (900)
  • Entertainment (21,771)
  • General (17,719)
  • Health (9,941)
  • Lifestyle (912)
  • News (22,149)
  • People (900)
  • Politics (910)
  • Science (16,110)
  • Sports (21,400)
  • Technology (15,879)
  • World (883)

Recent News

UEFA becomes first sporting body to sign up to global anti-piracy coalition – The New York Times

UEFA Leads the Charge as First Sports Organization to Join Global Anti-Piracy Coalition

October 21, 2025
The lover’s guide to the 2025 World Series – The New York Times

Your Ultimate Lover’s Guide to the 2025 World Series

October 21, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version