LatinNews Daily - 29 April 2024

Venezuela: On 25 April Venezuela’s President Nicolás Maduro took to social media to criticise the “imperial hegemonic crisis of the US and the West”. The post came the week after the administration of US President Joe Biden announced that it is planning to reimpose sanctions on the Venezuelan oil and gas sectors following President Maduro’s failure to uphold his promise to allow free and fair presidential elections. As a result, all foreign companies must cease oil and gas operations in Venezuela by a deadline set for 31 May, unless issued authorisation by the US Treasury. Following the US’ announcement, Venezuela’s government released a statement saying it “rejects the arrogance of the US government in monitoring, taking guardianship over, controlling, and manipulating the Venezuelan oil industry through its illegal policy of imposing coercive measures and licenses, [and] practices in accordance with a colonialist vision that the free and sovereign people of Venezuela will never recognise and accept.” Venezuela’s oil minister, Pedro Tellechea, has denied the sanctions will have any effect, stating that foreign companies can negotiate individual terms for sanctions waivers.

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